Shares of ASML (ASML) are falling after the Dutch government announced increased export controls on advanced chip manufacturing equipment, citing national security concerns. Earlier, Morgan Stanley removed the company as a "top pick" for European semiconductors and slightly lowered its price target.

Catalyst Hosts Brad Smith and Madison Mills break down the impact of export controls and whether the company's growth story can push forward as the chip sector as a whole is under pressure.

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This post was written by Melanie Riehl