Semi Shock: ASML Craters As Orderbook Plummets After China Frontrunning Ends With A Bang [zero hedge]
Intel Corporation (INTC)
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Source: zero hedge
Semi Shock: ASML Craters As Orderbook Plummets After China Frontrunning Ends With A Bang Exactly three months ago, AI stocks were soaring, semiconductor names were flying and the tech sector was euphoric after Dutch chip giant ASML - the world’s sole producer of equipment needed to make the most advanced chips and Europe’s most valuable technology company - reported a record surge in its orderbook (just days after its Asian peer Taiwan Semi did the same)... ... and which the market immediately concluded, in its infinite stupidity, that this was the definitive confirmation of a flood of demand for AI chips and infrastructure with Bloomberg pouring oil on the fire, saying that the ASML results were "a sign that the semiconductor industry may be recovering" adding that "chipmakers are increasingly optimistic the sector’s outlook following a slump that dates back to the Covid-19 pandemic, with TSMC last week projecting strong revenue growth in 2024." Not so fast, we countered and as we cl
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