Wednesday, October 16, 2024

ASML's stock falls the most since 1998 after projecting sluggish sales, erasing €50B from its market cap and causing Nvidia and other chip stocks to fall (Bloomberg)

Bloomberg:
ASML's stock falls the most since 1998 after projecting sluggish sales, erasing €50B from its market cap and causing Nvidia and other chip stocks to fall  —  - Magnitude of ASML's forecast cut was a surprise, Citi says  — Peer Tokyo Electron among worst hit stocks in Asia, down 10%



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How ByteDance is making Hollywood inroads with its Seedance video generator, thanks to low pricing, striking realism, and features like timeline-based prompting (Nilesh Christopher/Los Angeles Times)

Nilesh Christopher / Los Angeles Times : How ByteDance is making Hollywood inroads with its Seedance video generator, thanks to low prici...