While the author was fully focused on the policies and speculation in the Hong Kong stock market, during this time, the US stock market has been performing very strongly. $S&P 500 Index (.SPX.US)$ and $Dow Jones Industrial Average (.DJI.US)$ Repeatedly hitting historical high levels, $Nasdaq Composite Index (.IXIC.US)$ and even approaching historical highs at one point. But yesterday, following a sudden early drop in earnings, the market also focused on the short-term performance of the semiconductor industry and the US stock market. $ASML Holding (ASML.US)$ Today, the author will focus on this, and then continue to be "addicted" to the somewhat challenging Hong Kong stock market.
Are bearish winds returning to the semiconductor industry?
Just as on October 14th, set a new historical closing price high, the stock price fell back yesterday following ASML's earnings. $NVIDIA (NVDA.US)$ The author, along with industry analysts, was not surprised by ASML's performance, as the author had already mentioned in an article on September 5th"Daiwa's report changes the direction of the semiconductor market. How should we pick the rebound?」, which was also the focus mentioned in the article at the time.
In fact, the weak orders for ASML were not without signs. Early on, the market indicated that the new generation of High NA EUV had an expensive unit price (around 0.3 billion euros), nearly double that of a regular euv machine. Samsung has long shown little interest in this and may wait until 2030...