ASML Holding NV (NASDAQ:ASML) shares have tumbled 15% to $706 in October after the company morning trading following the reported third-quarter earnings, raising concerns about growth prospects in the semiconductor sector.

The sharp sell-off was triggered by the Dutch semiconductor equipment giant's downward revision to its 2025 sales forecast, casting a shadow over ASML's growth trajectory in a challenging market environment.

What To Know: ASML, a critical supplier of photolithography machines essential to advanced chip manufacturing, reported that it now expects 2025 net sales to fall between €30 billion and €35 billion ($32.7 billion to $38.2 billion), down from its previous outlook range...