Global chip stocks lose $420 billion amid ASML warnings.

The combined market value losses of the U.S. traded semiconductor companies index, along with the largest Asian stocks, exceeded $420 billion, according to Bloomberg on Wednesday.

These losses in the global semiconductor sector came in the wake of warnings from Dutch company ASML—which specializes in the manufacturing of semiconductor fabrication equipment—about a slowdown in demand in areas outside artificial intelligence and delays in orders.

Additionally, ASML lowered its future forecasts for 2025, reducing its expectations for net sales in 2025 from €40 billion to €35 billion.

As a result, ASML lost about €50 billion in market value by the end of European stock trading yesterday, and the share of ASML dropped by $141 by the end of the U.S. stock session yesterday, marking a loss of 16% in a single day.

These developments raised concerns in the markets about the short-term future of demand for semiconductors, which cast a negative shadow over major semiconductor and technology companies globally.

For example, Tokyo Electron’s share lost about ¥2,460.00, concluding the day’s trading at ¥24,310.00, while Nvidia shares closed yesterday's trading down approximately 5%, at $131.60.