ASML Reports Strong Q1 Results But Shares Drop Despite Beat-and-Raise
ASML reported Q1 net sales of €8.8B, beating expectations and raising full-year guidance, but shares fell 4% despite the positive results. The company's EUV system sales rose 29% YoY to €4.1B, driven by AI chip demand, though China sales declined due to export restrictions. The stock's drop reflects the 'buy the rumor, sell the news' phenomenon.
Tickers: $ASML
Topics: AI Chip Demand ASML Earnings Beat EUV Lithography Semiconductor Equipment Stock Price Movement