From Nasdaq: 2025-04-16 18:50:00

ASML (NASDAQ: ASML) stock experienced a significant drop of 7% in Wednesday’s trading, with the share price down as much as 8.6% earlier in the session. Despite reporting better-than-expected earnings in the first quarter, the company faced new export restrictions on chips to China and a tariff hike on the country. Sales for ASML were up 46% year over year, and the company maintained its full-year guidance. The semiconductor manufacturing equipment specialist faced sell-offs due to macroeconomic and geopolitical pressures.

Chip stocks tumbled as the Trump administration announced a tariff increase on Chinese goods and expanded export restrictions on processors from Nvidia and AMD. Federal Reserve Chairman Jerome Powell’s comments indicating a delay in interest rate cuts until the impact of tariffs on inflation and economic growth are clearer also contributed to the bearish market reaction.

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Read more at Nasdaq: Why ASML Stock Sank Today