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Benzinga

Business

Namrata Sen

ASML Stock Plunges Nearly 8% In Wednesday Pre-Market: What's Going On?

ASML ASML Holding Christophe Fouquet Semiconductor

Veldhoven,,Netherlands,,July,20,,2023:,Asml,Holding,Corporation,Headquarters,Glass

Shares of Dutch semiconductor firm, ASML Holding NV (NASDAQ:ASML), has declined 7.54% during Wednesday pre-market trading, after the company expressed concerns over its 2026 growth prospects.

What Happened: ASML’s CEO, Christophe Fouquet, voiced his apprehensions during the company’s Q2 results announcement. He said, “while we still prepare for growth in 2026, we cannot confirm it at this stage,” attributing the uncertainty to geopolitical and macroeconomic developments.

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