---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000317702.md"
description: "$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…"
datetime: "2025-11-21T10:14:27.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000317702.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000317702.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000317702.md)
author: "[AllIn Call](https://longbridge.com/en/profiles/16656594.md)"
generator: "portal-rs"
---

# $ASML(ASML.US)“ASML’s recent drop — starting at li…


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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**