Why Semiconductor Equipment Stocks ASML Holdings, KLA, and Lam Research Plunged Today

Shares of semiconductor equipment stocks ASML Holdings (NASDAQ: ASML), KLA (NASDAQ: KLAC), and Lam Research (NASDAQ: LRCX) were plunging on Monday, down 6.8%, 4.7%, and 6.7%, respectively, as of 3:52 p.m. ETSemiconductor stocks are long-term growers, but they also have cyclical qualities as well. Therefore, today's fears over a tariff-induced recession is causing a big sell-off.In addition, tariffs that increase trade tensions with China tend to especially complicate things for semiconductor stocks. This is because China is a big purchaser of chips, and its government is also investing heavily in domestic chipmaking alternatives, including homegrown semiconductor equipment stocks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool