Why ASML Holding (ASML) fell 5.59%
ASML Holding (ASML) fell 5.59% on October 30, 2026 — Chip selloff on AI-spending doubts weighs.
What happened
Amazon and Intel plunged after disappointing results, which pulled the broader tech complex lower and revived fears about how much companies will keep spending on AI.
Why it moved
ASML's chip-equipment orders depend on customers building out advanced capacity, so doubts about AI capex hit its outlook directly.
Why it matters
ASML sits in the Chip Supply Chain theme, where AI investment lifted equipment and design stocks. That trade depends on capex staying strong, and this selloff is the first real test of it.
What would break the thesis
If hyperscalers reaffirm or raise capex in their next updates, the sell-off looks like sentiment and ASML should recover. Weak order commentary from chipmakers would confirm the slowdown.