Semiconductor stocks have been volatile since last year due to tightening U.S. chip export restrictions to China and U.S. President Donald Trump's threat of tariffs on the sector since he took office. ASML and other European semiconductor firms have felt the heat.
"All the equipment manufacturers in the space have come down because they are concentrating all the fears around … the U.S. restrictions to China," Stephane Houri, head of equity research at ODDO BHF, told CNBC's "Europe Early Edition" on Wednesday.
Houri also said tariff discussions and debate over whether companies are over-investing in artificial intelligence, bringing up questions over whether "demand is not at