Citrine Analyst: China's DUV Progress Not Surprising, Semiconductor Equipment Stocks such as ASML Oversold

July 28th, Citrini analyst Jukan posted on social media, stating that the news of China's progress in DUV lithography technology is not particularly surprising, as the market had already formed certain expectations.

He pointed out that The Information's related report only quoted a professor from a Chinese university of transportation speaking at an internal meeting in June, without disclosing more substantive information.

Jukan believes that, influenced by this news, semiconductor equipment stocks such as ASML experienced an overreaction in selling.