ASML said it expects net sales for 2025 to come in between 30 billion euros and 35 billion euros ($32.7 billion and $38.1 billion), at the lower half of the range it had previously provided. CFO Roger Dassen warned that China is expected to account for around 20% of the company's total revenue for the next year.

Key Takeaways Nvidia and other chip stocks lost ground Tuesday, weighed down by a report that the Biden administration is considering caps on exports to certain nations.Bloomberg said the focus was on Persian Gulf countries that have growing interest in AI and the means to purchase the technology.

Nvidia stock was falling Tuesday. The chip maker may face more limitations on exports of its advanced artificial intelligence chips. U.S. government officials have discussed capping sales of advanced AI chips from the U.

Nvidia and other chip stocks sank Tuesday following news of potential US export caps and a dismal earnings report from semiconductor equipment manufacturer ASML.