ASML's financial report shows mixed results, UBS and Morgan Stanley's different opinions are apparent: is it a cyclical trough or a technological turning point?

Zhitong Finance APP learned that ASML.US delivered a comprehensive and better-than-expected performance in the second quarter of 2025. Net orders for the quarter reached 5.5 billion euros, up 41% quarter-on-quarter and flat year-on-year, significantly higher than market expectations. However, due to the company management's sudden cut in growth expectations, ASML's stock price plummeted, triggering a global decline in chip stocks.