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ASML shares surge after strong bookings
MILAN (Reuters) – ASML shares rose sharply in early Frankfurt trading on Wednesday following strong quarterly bookings.
The biggest supplier of computer chip-making equipment posted much better than expected fourth-quarter bookings of 7.08 billion euros, on strong demand for its most advanced tools.
The shares, which have been hit by the DeepSeek rout this week, were up 8.7% in Frankfurt.
“The strong Q4 booking and backlog will dispel some of the bearish concerns regarding 2025 itself, though concerns on the 2026 growth are likely to persist,” Jefferies said in a note.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
ASML shares surge after strong bookings
ASML Holding NV, a Dutch company that specializes in manufacturing semiconductor equipment, saw its shares surge after reporting strong bookings for its products.
The company announced that it had received a record number of orders for its lithography machines, which are used in the production of advanced computer chips. This strong demand from customers in the semiconductor industry has driven ASML’s stock price up by over 5% in a single day.
Investors are optimistic about the company’s future prospects, as the semiconductor market continues to grow and demand for ASML’s cutting-edge technology remains high. Analysts are also bullish on ASML, with many raising their price targets for the stock.
Overall, ASML’s strong bookings indicate a positive outlook for the company and its shareholders, as it continues to be a key player in the semiconductor industry.
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