ASML Faces Stock Drop After Earnings Report

Shares of Dutch semiconductor giant ASML took a significant hit, dropping as much as 7% on Wednesday morning. This decline followed the release of the company's latest earnings report, which revealed weaker than expected net bookings.

Impact of US Trade Levies

The company also highlighted potential challenges ahead, pointing to uncertainty stemming from new US trade tariffs. These levies could dampen demand for ASML's critical chipmaking equipment, adding to the company's current woes.

Market Reaction

By 9:25 am CET, ASML's shares had fallen by 6.72%, trading at €565.50. This marks a 17% decrease in the company's stock value since the beginning of the year.