European Chip Stocks Slump as ASML Faces China Rivalry and AI Funding Concerns

Key Facts

1ASML shares fell more than 3% in Amsterdam as global technology stocks faced selling pressure.

2Concerns are mounting regarding competition from China's CXMT and the sustainability of AI boom financing.

ASML shares fell more than 3% in Amsterdam trading on Tuesday, October 13, 2026. Invezz reported that global technology stocks faced broad selling pressure, which weighed heavily on the European semiconductor sector.

Concerns are mounting regarding competition from China's CXMT and its potential impact on market share. Additionally, skepticism regarding the sustainability of AI boom financing contributed to the selloff in a sector that has been a primary driver of market growth.