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ASML -5.8%; Deutsche downgrades, peers sell off (updated)

Mar. 26, 2015 11:33 AM ETASML Holding N.V. (ASML) StockASMLBy: Eric Jhonsa, SA News Editor2 Comments
  • A day after Banco Santander downgraded ASML to Hold, Deutsche has downgraded to Sell. Thanks in part to a chip stock rout, the Dutch photolithography equipment giant is now down 11% over the last two days.
  • Of note: Several chip equipment peers are also selling off today following SanDisk's warning, and European equities in general are under pressure.
  • Shares rallied to new highs a month ago after ASML announced TSMC had exposed more than 1K wafers in a single day on an ASML EUV system.
  • Update: SA commenter Philip Marlowe observes TSMC stated during a Credit Suisse conference talk it would begin using EUV for chip production later than previously expected.

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