ASML Holding N.V. is trading 3.3% down at $1,448.60 as the stock pulls back from its previous close of $1,498.00 amid a broader decline in semiconductor sentiment.
- The decline follows a rally on June 4 sparked by BofA and Barclays raising price targets, citing a stronger outlook for Extreme Ultraviolet (EUV) lithography systems.
- Broader tech futures fell overnight, dampening risk appetite across the semiconductor sector despite a lack of company-specific negative news.
- Market analysts view the move as a combination of profit-taking and a reaction to a weaker tone in the technology market.