ASML - Is ASML's Big Sell-off a Warning Sign to Artificial Intelligence (AI) Investors?
2024-04-26 07:45:00 ET
ASML (NASDAQ: ASML) probably ranks among the most essential companies in the world today, yet few people know what they do. Part of this stems from being headquartered in the Netherlands rather than the U.S., but that doesn't excuse investors from not knowing about it, especially since its market cap places it among the top 30 largest companies in the world.
ASML recently had a sizable sell-off and fell 10%. Given how vital ASML is to essentially all electronic devices, should artificial intelligence (AI) investors heed this warning signal?
ASML is a vital company in the microchip supply chain. It is the only company in the world that has its technology, so any company wanting to make cutting-edge chips must work with ASML.
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Is ASML's Big Sell-off a Warning Sign to Artificial Intelligence (AI) Investors?