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> ASML plunge indicates a hysterical/irrational component to the response, right But don't forget about the hysterical/irrational component that also causes pr
by hn_throwaway_99 2y ago
> ASML plunge indicates a hysterical/irrational component to the response, right
But don't forget about the hysterical/irrational component that also causes prices to go up when investors are all worried about FOMO. Of course, sure, ASML isn't going anywhere, but their stock price isn't based on them "sticking around", it's based on the idea that growing usage of AI will require exponentially more computing power over time, and DeepSeek kinda put a pin to that balloon.