Export Limits and ASML Sales Concerns Impact Chip Stocks

On October 15, 2024, the S&P 500 index experienced a decline of 0.8% as semiconductor stocks faced significant losses, deeply impacting the market. This downturn was primarily driven by the poor performance of major semiconductor equipment makers such as KLA, Applied Materials, and Lam Research, which saw their shares plummet following disappointing earnings from competitor...