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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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...