RE: FY 2024 looking good...18 Apr 2024 15:10
Chip stocks were big losers Wednesday. Blame disappointing results and guidance from semiconductor-equipment giant ASML (ASML), as well as caution ahead of Taiwan Semi's results.
AI chipmakers Nvidia, Broadcom (AVGO) and Arm Holdings (ARM) suffered significant to sharp losses Wednesday. As for chip-gear makers, ASML stock gapped lower, while Applied Materials (AMAT), Lam Research (LRCX), KLA Corp. (KLAC) broke key levels.