ASML Holding shares dropped nearly 7% Wednesday, according to The Wall Street Journal. The Dutch chip equipment maker said it could no longer confirm growth for 2026 due to macroeconomic and geopolitical uncertainty, including the threat of Trump’s tariffs on EU goods. The company narrowed its 2025 sales outlook to about $37.71 billion and projected a 52% gross margin. CFO Roger Dassen warned that both direct and indirect impacts from tariffs remain unclear. Demand for AI-related tools stayed strong, though interest in legacy chipmaking equipment softened.