One of the most critical AI companies in the world just said it ‘cannot confirm’ growth in 2026, wiping out $30 billion

Shares of ASML, the Dutch semiconductor equipment giant, tumbled 11% on Wednesday after the company announced it could no longer confirm that it will grow in 2026. The drop wiped out over $30 billion in market value and sent shockwaves through global tech markets, as investors digested the implications for the broader semiconductor and AI industries.

The selloff followed ASML’s second-quarter earnings report, which beat expectations on revenue and net profit, with robust bookings of $6.4 billion. However...