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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A profile of Anduril CEO Brian Schimpf, a Palantir alum and self-identified Democrat, as Anduril's defense tech shakes up the US military-industrial complex (Allie Garfinkle/Fortune)

Allie Garfinkle / Fortune : A profile of Anduril CEO Brian Schimpf, a Palantir alum and self-identified Democrat, as Anduril's defens...