"Semiconductor Stocks Slide as ASML Earnings Decline"
ASML, a key developer of semiconductor manufacturing equipment, reported a 61% sequential drop in bookings for the first quarter, causing a downturn in semiconductor stocks. The company's CEO expects a stronger second half of 2024 as the industry recovers from the downturn, and anticipates increased orders from companies building foundries in the U.S. and government subsidies for chip factories to boost sales.