ASML's recent financial results have caused concerns in the technology sector, particularly in relation to Apple's upcoming earnings report.

The company's Q3 orders were significantly lower than expected, leading to a revision of forecasts for 2025.

ASML's CEO acknowledged that the recovery is progressing slower than anticipated, with customers being cautious due to ongoing economic challenges in China.

Additionally, there are reports of potential new restrictions on the export of strategic chips and components to China by the U.S. government, which could further impact major companies with exposure to the region.

Apple, which generates 20% of its revenue from China, may face similar pressures, raising questions about its financial performance in the near future.

Analysts believe that Apple's stock could test lower support levels, potentially revisiting the $213/$200 range, as the market continues to move sideways as it has done earlier this year.