Chip Stock Selloff Persists After ASML Warns of Slower Recovery

Semiconductor Industry Faces Prolonged Recovery #

Semiconductor stocks continued to decline as concerns heightened over recovery delays in certain industry segments. ASML Holding, a Dutch company specializing in semiconductor equipment, indicated that the rebound for some parts of the industry is slower than anticipated, prompting fears of an extended lull in demand. The company highlighted robust demand for artificial intelligence technologies, yet noted that spending on chip-making machinery is being deferred by manufacturers, affecting the recovery pace in other market areas. This cautious outlook has contributed to investor unease.