The article discusses the impact of ASML’s guidance on the semiconductor industry. ASML, a key supplier of equipment to chipmakers, warned of a slowdown in demand, causing shares of major chipmakers like NVIDIA and AMD to fall. The guidance suggests that the semiconductor boom fueled by demand for chips in data centers, PCs, and consumer electronics may be cooling. ASML’s CEO cited a “highly uncertain” period in 2024, with potential overcapacity in the memory chip market. The news has raised concerns about the growth prospects for the semiconductor industry, which has been a driving force behind the tech rally. Analysts are now reassessing their forecasts for chip companies, as the industry grapples with potential oversupply and softening demand. The article highlights the cyclical nature of the semiconductor industry and the potential impact on major players like NVIDIA and AMD.