ASML Faces Uncertainty Amid US Export Curbs Despite AI-Driven Order Surge
ASML Holding NV's shares fell by as much as 7.7% due to concerns over potential new US export restrictions targeting its business in China, despite a 54% increase in order intake last quarter. The Biden administration is considering severe trade restrictions to limit China's access to advanced semiconductor technology, which could impact ASML's sales. The company reported strong demand driven by AI applications but missed sales estimates for the current quarter.