Why ASML Holding (ASML) fell 2.77%
ASML Holding (ASML) fell 2.77% on October 31, 2026 — Chip selloff on AI-spend fears drags ASML lower.
What happened
The Nasdaq dropped 975 points as Intel's results helped trigger a selloff in mega-cap chipmakers, and ASML fell with the chip supply chain. The shared driver was Intel's weak print plus worries about AI spending.
Why it moved
ASML has no company-specific news behind this move; it fell because it trades as a large-cap chip-equipment name, so a sector-wide de-risking pulls it down with the group.
Why it matters
ASML sits in the Chip Supply Chain theme, where equipment and design names rallied on AI infrastructure spending. That thesis is now under pressure as earnings disappoint and tech sells off.
What would break the thesis
If chip stocks recover on reassurance about AI capex, this looks like a contained dip. Continued weakness in Intel-linked names would signal a broader derating of the supply chain.