ASML Stocks Fall as NVIDIA Shake-Up Spills Into Chip Equipment

What happened

ASML shares fell 1.56% to $1,510.46 in early trading on November 12 as selling spread among chip companies after NVIDIA’s CEO resigned. ASML repurchased 422,800 shares from November 2 to 6 for about 562.8 million under a previously announced program.

Confirmed

Global impact / market context

The reported link between NVIDIA’s leadership change and chip-stock selling shows how uncertainty at a major chip designer can reach equipment suppliers. If foundries reconsider future capacity plans, ASML’s equipment orders could weaken later, although the article says the nearer-term effect may be smaller.

Analyst inference

The article presents mixed signals: ASML shares fell, but TSMC’s October revenue was up 59.7% year over year, suggesting strong current demand at a major customer. ASML’s equipment orders reportedly lag AI chip demand, making longer-term capacity plans important.

Analyst inference

What to watch

1. NVIDIA’s November 17 call is the next stated test: the article says investors will look for whether foundry capacity plans remain intact. Confirmed
2. Watch for evidence that foundries change planned capacity after NVIDIA’s leadership change; fewer expansion plans could reduce later orders for ASML’s chip-printing equipment. Analyst inference
3. ASML’s share repurchases are another disclosed factor: the company bought 422,800 shares during November 2–6, but the article gives no future purchase commitment. Confirmed

Evidence

• gurufocus.com