Wittman schreef op 19 april 2024 20:20:
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Shares of semiconductor companies have been trading lower amid overall market weakness and reports suggesting China has told telecom carriers to phase out foreign chips.
ASML released its first-quarter financials before the market open Wednesday and missed analysts' earnings and revenue estimates. ASML's shares have fallen more than 10% following the worse-than-expected earnings report.
Arm Holdings shares fell Wednesday in sympathy with ASML and the stock is down more than 20% over the past five days.
TSMC reported better-than-expected first-quarter top and bottom-line results Thursday. However, the company lowered its chip market outlook as it sees consumer weakness persisting which overshadowed its Q1 results.
"Macroeconomic and geopolitical uncertainty persists, potentially weighing on consumer sentiment and end-market demand," C.C. Wei, CEO of Taiwan Semiconductor, told analysts on a conference call, per Bloomberg.