Two of the biggest chipmakers, TSMC and ASML, failed to catch major tailwinds from strong earnings. It could be a bellwether for the chip industry as a whole.

ASML beat first-quarter revenue and profit expectations and raised its sales guidance for 2026.

TSMC reported another quarter of record profit, with the company expecting AI demand to continue to grow.

Two of the biggest chipmakers, TSMC and ASML, failed to catch major tailwinds from strong earnings. It could be a bellwether for the chip industry as a whole.