ASML miss raises questions regarding the future of the AI rally | MarketTalk: What’s up today? | Swissquote
The big story of yesterday was the disappointing results from the biggest European company, ASML, where sales missed estimates and new orders slumped by 60% compared to a quarter earlier. The results raised questions regarding the sustainability of demand from chipmakers and the AI rally. The S&P500 and Nasdaq extended losses. TSM and Netflix are due to reveal results today.
Elsewhere, the US treasuries rebounded yesterday, and the dollar gave back gains as authorities around the world highlighted the ‘serious concerns’ regarding the depreciation of the Japanese yen and the Korean won against the greenback. The EURUSD and Cable rebounded...