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Dutch chip giant blames ‘technical error' as accidental earnings release tanks tech sector: ‘Very unfortunate'
ASMLASML Holding(ASML) New York Post·2024-10-16 15:48

A Dutch chipmaking giant sparked chaos after it accidentally published a disappointing financial outlook a day earlier than scheduled – slashing billions in market value across the semiconductor sector.Shares of ASML — which manufactures equipment used to make chips, including the processors used to power artificial intelligence — sank nearly 6% Wednesday. The stock had plunged 16% a day earlier – equating to a loss of more than $52 billion in market value.That was after ASML’s third-quarter results mysteri ...