Stock shares in Dutch semiconductor chip firm ASML took a 15% plunge on Tuesday, bringing down Nvidia (NVDA) stocks too. ASML said it expects net sales for 2025 to come in between 30 billion euros and 35 billion euros, lower than anticipated by the company.

The sales forecasts were released a day earlier than expected due to a technical error on ASML’s website. The bearish forecasts thus sent stocks in the company tumbling and also affected other chip makers. Nvidia, Advanced Micro Devices, and Broadcom all fell at least 4% after the news was released prematurely.

Net bookings for the September quarter were 2.6 billion euros ($2.83 billion), ASML said. This comes in well below the 5.6 billion euro LSEG consensus estimate. Net sales, fortunately, beat expectations coming in at 7.5 billion euros. “While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover,” company CEO Christophe Fouquet said in the early earnings release. “It now appears the recovery is more gradual than previously expected.”

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Difficult China Market To Impact ASML Stock Price

Additionally, ASML’s chief financial officer, Roger Dassen, warned that China is expected to account for around 20% of the company’s total revenue for the next year. This comes after the company previously said that 49% of its sales come from China.

The firm is facing a tougher business outlook in China due to U.S. and Dutch export restrictions on shipments to the country. Last month, the U.S. government issued new export controls on critical technologies to China, including chipmaking tools. The Dutch government also announced plans to take over control of exports of ASML’s machines to the country.

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Analysts at Cantor said the lower outlook for ASML was “clearly disappointing” and will weigh on semiconductor stocks. However, they added, “In no way shape or form does the company’s updated outlook indicate any change in the AI growth story.” While this may be true in those analysts’ eyes, the news did still trigger a bit of worry in the chip-maker stock market, showing increased sensitivity to the upcoming Q3 reports for each chip-maker company.

ASML’s ultraviolet lithography machines are used by many of the world’s largest chipmakers to produce advanced chips. These include Nvidia and Taiwan Semiconductor Manufacturing Co.