- ASML fell as much as 6.9%, later pared to 4.8% lower.
- ASM International declined 8.3%.
European AI and semiconductor stocks fell sharply Wednesday, joining a global rout after US inflation data boosted expectations for a Federal Reserve rate hike. ASML dropped 4.8%, ASM International 8.3%, and Infineon 7.5%. Analysts warned higher rates threaten the AI investment cycle.
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