ASML shares surge after strong bookings
Tweet
Share
E-mail
FILE PHOTO: ASML logo is seen in this illustration taken February 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA lifts price target on this major chipmaker as order book fills into 2027
- US Tells Asml It's Concerned China May Have Top Chip Tool - Bloomberg
- Soccer-In Los Angeles, Mexico fans make every World Cup game their own
Create E-mail Alert Related Categories
ReutersRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
