Shares of Dutch semiconductor equipment maker ASML dropped 16% after releasing financial results earlier than expected. The company provided a downbeat sales forecast, leading to a loss of over $50 billion in market value. ASML expects net sales for 2025 to be lower than its prior estimates, while net sales exceeded expectations. CEO Christophe Fouquet acknowledged the slower-than-expected recovery in non-AI market segments. The early release of financial results was attributed to a technical error.
