Dutch chip giant blames 'technical error' as accidental earnings release tanks tech sector: 'Very unfortunate'
Briefly

The unexpected early release of ASML's financial report resulted in significant market repercussions, revealing a bleak sales outlook that reportedly caused over $52 billion in losses across the semiconductor industry.
CEO Christophe Fouquet expressed his regret during the earnings call, stating, "This was very unfortunate," as the error disclosed a slashed 2025 sales outlook, pointing toward ongoing weakness in the chip market.
Analysts observed a ripple effect from ASML's financial update, explaining, "ASML is widely considered a bellwether for the chip industry; its warning had broader consequences for major players like Nvidia and Intel."
The incident ignited social media reactions, with users humorously critiquing ASML's internal processes and the broader implications of the error on public perception of tech companies' competence.
Read at New York Post
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