(Bloomberg) — ASML Holding NV shares tanked along with global technology stocks on Monday as Chinese artificial intelligence startup DeepSeek sparked fear over Western technological dominance.
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ASML’s shares dropped as much as 9.4% to €634.70 apiece in early Amsterdam trading on Monday, the biggest intraday drop since Oct. 15. The technology heavy Nasdaq 100 futures index slumped 3%.
The Dutch company makes machines needed to produce high-end chips that power everything from electric vehicles to military gear, and it’s benefited from a surge in AI spending.
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