Traders exited Nasdaq-100 futures at the fastest pace this year on Tuesday as shares of chip makers slid following ASML Holding NV’s surprise announcement lowering its 2025 guidance.

ASML followed up those grim headline numbers with a disappointing near-term outlook. It expects revenues to rise 22% to 28% year over year in the fourth quarter, but to only rise about 1% to 28 billion euros ($30.

ASML made news on Tuesday when it accidentally leaked its earnings report a day early, causing the big decline. But it wasn't the early nature of the leak that took the stock down, or really the reported revenue and profits.

ASML Holding's limited competition grants it pricing power and high profitability. See why ASML stock is a Buy.

ASML (NASDAQ: ASML) stock is falling after reporting quarterly financial results that disappointed stock market investors. *Stock prices used were the afternoon prices of Oct. 14, 2024. The video was published on Oct.