Huge crisis in the chip industry: companies lost $420 billion in one night
October 16, 2024
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The semiconductor industry is going through a very difficult day. Because the Netherlands-based company that develops photolithographic systems used in the production of computer chips ASMLpublished a very
The semiconductor industry is going through a very difficult day. Because the Netherlands-based company that develops photolithographic systems used in the production of computer chips ASMLpublished a very unwelcome earnings report. The company shares the statement made more than 15 percent caused a decline, which was the first time in history for ASML.
ASML’s statements did not only affect the company itself. As of yesterday, it will be the most valuable company in the world whose name we mention NVIDIA’s stock suddenly 4.5 percent It lost approximately . 3.3 percent in Intel shares and 3.3 percent in ARM shares 7 percent There was a depreciation of approximately .
The total loss of value in the sector amounted to more than 420 billion dollars
This is evident from research by financial companies, companies in the chip industry and listed companies, after ASML’s statement $420 billion They lost value. Whether the loss will increase even further coming days will show.
What we can say about the crisis in the chip industry that’s it for now. We will inform you again if there are any new developments regarding the matter.
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.