Nvidia stock trades lower, ASML rises after fourth-quarter bookings top analysts’ forecasts, and Wall Street awaits quarterly earnings Wednesday from Tesla, Microsoft, and Meta Platforms.
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Dutch chip equipment maker ASML Holding NV beat the fourth quarter earnings estimates and posted record net sales on an annual and sequential basis, on Wednesday. The company also reduced its Chinese market share in Q4.
ASML shares jump 9% as strong chip orders ease AI spending fears. Traders eye semiconductor stocks as demand for high-end chips remains resilient.
Looking ahead, the company provided an optimistic outlook for the first quarter (Q1), projecting revenues between €7.5 billion and €8.0 billion, which is above the FactSet Consensus of €7.21 billion. The gross margin for Q1 is expected to be between 52% and 53%.
Overall, ASML Holding N.V. reported a very strong Q4 and set the stage for a promising fiscal '25 performance. Learn more about ASML stock here.
Investors will seek reassurance that ASML's AI-dependent growth outlook for 2025 is secure despite a selloff sparked by China's DeepSeek, as the biggest supplier of equipment used to make computer chips ASML reports earnings on Wednesday.
ASML Holding (NASDAQ:ASML) is rocketing higher on strong earnings. Up about $38 a share, the Dutch semiconductor giant reported a substantial jump in fourth quarter net bookings, which tells us demand for its chipmaking tools is still strong.
Nvidia shares tumbled 17% Monday, the biggest drop since March 2020, erasing $589 billion from the company’s market capitalization. That eclipsed the previous record — a 9% drop in September ...
ASML’s Chief Executive Officer indirectly addressed the implications of DeepSeek in an interview with CNBC. He said, “A lower cost of AI could mean more applications. More applications mean more demand over time.