ASML 'extinguished', global semiconductor stocks suffered.

Europe's highest market cap technology company ASML saw a significant drop in total new orders in the first quarter, down 61% quarter-on-quarter, leading to a general decline in chip stocks in Europe and the US.

ASML's financial report released on April 17 showed that its first-quarter new order amount was only 3.61 billion euros, far below the market's expected 5.1 billion euros. In comparison, the order amount in the fourth quarter of 2023 reached a record 9.19 billion euros. ASML explained that the decrease in orders was mainly due to a significant decrease in demand for the most advanced EUV lithography machines, plummeting from 5.6 billion euros in the previous quarter to 0.656 billion euros. The company expects sales performance in the second quarter to be below expectations until demand begins to recover.

After this financial report was released, the overnight closing price of asml holding's US stocks fell by 7.09%. In addition, other semiconductor stocks including micron technology, broadcom, qualcomm, and intel were also dragged down, falling by 3.5%, 2.6%, 2%, and 1.4% respectively. Arm's stock price fell by 9.4%, reducing its year-to-date increase to 47%. Softbank holds most of Arm's shares, and its stock price also fell by 4.1% on Wednesday.

At the same time, other semiconductor manufacturing equipment suppliers such as applied materials, cohesion semiconductor, and pan lin research company saw their stock prices fall by more than 4% on Wednesday.

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