ASML Holding is trading 4.35% down at $12.32 after third-quarter sales slightly missed expectations.
- Results were strong overall; coverage cited high valuation and limited upside after gains were priced in as factors in the muted reaction.
- ASML raised its 2026 sales outlook, but said planned capacity expansion still would not meet customer demand through 2028.
- Semiconductor stocks face Chinese-competition and AI-spending concerns; hotter-than-expected U.S. headline inflation lifted yields, and these pressures may contribute to the decline.