Nvidia Stock Reacts to ASML Earnings Leak and Tepid Outlook
Nvidia stock experienced a decline after earnings results from ASML were leaked early, revealing a disappointing forecast for ASML's 2025 total net sales. This news, along with ASML's warning about growing caution among chip customers and the mulling of US chip export caps, caused chip stocks, including Nvidia, to fall. The decline in Nvidia stock partially reversed its recent rally and came down from a record high. The market also reacted to quarterly results from other high-profile companies, and Treasury yields slid as traders sought the safety of bonds.