Why ASML Holdings Sank 12% This Week
ASML Holding(ASML) The Motley Fool·2024-09-06 09:30This monopolistic AI stock was knocked down a peg by a Wall Street analyst.Shares of ASML Holdings (ASML -1.96%) fell 12% this week through Thursday trading, according to data from S&P Global Market Intelligence.The semiconductor equipment giant, which has a monopoly on crucial EUV technology needed for making advanced semiconductors and memory, sold off along with the sector on Tuesday as economic fears re-emerged.Adding insult to injury, a Wall Street analyst also downgraded shares on Wednesday, citing to ...