Does the ASML Stock Sell-Off Signal Trouble for Nvidia and Broadcom?

ASML (NASDAQ: ASML) stock was down over 11% at one point during the trading day July 16 before closing the session down 8.3%. However, the growth stock continued falling over the next couple of days and is now down 21% over the past year.The company makes advanced lithography machines that chip manufacturers use to produce chips designed by companies like Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO). ASML's extreme ultraviolet (EUV) systems pack an unprecedented number of transistors into each silicon wafer, advancing precision and lowering manufacturing costs. These machines are the muscle behind the artificial intelligence (AI) revolution.Here's what you need to know about the ASML sell-off, and whether it could have ripple effects that could drag Nvidia and Broadcom down from their all-time highs.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool