The 2024 AI Frenzy Isn't Helping ASML Stock. Here's Why.

ASML (NASDAQ:ASML) is one of the top trending tickers today as ASML stock falls more than 6% as of this writing. This downturn comes after the Netherlands-based company — which makes machinery for semiconductor manufacturing — reported that orders tumbled in the first quarter compared to Q4.Here’s what investors should know as ASML stock falls further today.ASML and the Q1 ResultsASML’s net bookings came in at 3.6 billion euros ($3.84 billion) for Q1 2024, well below analysts’ average estimate for almost 5. ...