The semiconductor industry took a hit on Tuesday. Shares of ASML Holding ( ASML ), a key supplier of chip manufacturing equipment, nosedived following the release of disappointing earnings. ASML’s early earnings report revealed lower-than-expected third-quarter revenue and a reduced outlook for 2025, triggering a 15% drop in its stock price. The ripple effects spread across the sector, with Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ) falling by 5% each, dragging down chipmaker stocks across the board. ASML, which supplies critical equipment to leading semiconductor manufacturers like TSMC and Intel, reported net bookings of just €2.6 billion for the third quarter, far below analysts’ expectations of €5.39 billion. The company also downgraded its revenue forecast for 2025, projecting between €30 billion and €35 billion in sales, a significant step down from earlier projections. CEO Christophe Fouquet attributed the reduced guidance to a slower-than-anticipated market recovery, wi