The semiconductor sector is in focus as it grapples with a double blow: disappointing earnings from ASML Holdings (ASML) and potential US export restrictions.
Chip manufacturing giant ASML reported lackluster earnings and slashed its sales forecast, triggering a sell-off in its stock. Meanwhile, reports of the Biden administration considering caps on chip exports to specific countries have sent chip stocks lower Tuesday afternoon— particularly Nvidia (NVDA), whose shares retreated from recent highs following the Bloomberg report.
Yahoo Finance trending tickers include Wolfspeed (WOLF), Walgreens Boots Alliance (WBA), and United HealthGroup (UNH).
Key guests include:
3:05 p.m. ET Dan Genter, Genter Capital Management CEO
3:30 p.m. ET Danilo Gargiulom, Bernstein Senior Analyst, U.S. Restaurants
4:05 p.m. ET Ed Yardeni, Yardeni Research President
4:20 p.m. ET Peter McNally, Third Bridge Global Head of Analysts
4:35 p.m. ET Nikhil Naikal, Kinetic Automation founder and CEO