ASML posted record third-quarter sales of €11.7bn and said supply will fall short of demand into 2028. The Philadelphia Semiconductor Index still fell 3.1%, on doubts that OpenAI and other heavily financed buyers can keep paying.
iCapital's Sonali Basak notes the SOX is testing major moving averages after its longest losing streak in nearly three months, as Goldman flags a Memory Meltdown. Source
On 14 October ASML said supply as planned will not fully meet demand in 2027 or 2028. The Philadelphia Semiconductor Index (SOX) fell 3.1% that day. It is now down about 10% over six sessions, the longest losing streak since May 2025, and Bloomberg has more than $1tn of chip-sector market value on course to be erased.
