Reported 1 day ago
ASML Holding NV experienced its largest stock surge since 2020, with bookings reaching €7.09 billion in the fourth quarter, double analysts' expectations, driven by the booming demand for chipmaking machines amid the AI investment surge. The company's CEO highlighted that AI is a key growth driver for the semiconductor industry, despite ongoing restrictions on sales to China. ASML anticipates a shift in sales ratios and maintains a favorable outlook for the coming years, amid significant investment plans from major clients like TSMC.
Source: YAHOO