$ASML(ASML.US)“ASML’s recent drop — starting at like 6% — honestly shocked me a bit. Weren’t we told their gross margins were rock solid? Why does the market’s taste change three times a day? 😅
But looking at the earnings report, their margins didn’t shrink, profits just wobble occasionally, and their EUV machines are still the kings of the planet — TSMC and Samsung practically rely on them. Without those tools, you can’t even print a chip.
It’s just that in the last couple of years, chipmakers barely have the courage to spend big anymore. I remember back in 2019–2020, anyone calling the industry ‘cold’ got steamrolled by the tech bull run. Now it feels like everyone needs thermal underwear — capex is quiet and chilly…
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