Quick ReadA China state-backed DUV headline sent ASML down 7%, but Bernstein's $2,623 Street-high target still implies 50% upside from current levels. ASML raised full-year guidance to between €43 billion and €45 billion after Q2 revenue rose 21% and delivered a fourth straight earnings beat. ASML fell more than 7% intraday, hitting its lowest level since early June, with ticker sentiment scores collapsing to -0.807. The sector sold off with it, but ASML took the sharpest hit because its China DUV exposure is the most direct. ASML delivered revenue of $10.65 billion, up 21.25% year over year, with EPS of $8.67 extending the beat streak to four straight quarters.