ASML Shares Surge After Strong Quarterly Bookings
ASML Holding NV (ASML) shares experienced a notable increase during early trading in Frankfurt on Wednesday, driven by positive quarterly bookings. The leading supplier of semiconductor manufacturing equipment surpassed expectations with record fourth-quarter bookings of €7.08 billion, supported by robust demand for its cutting-edge tools.
Despite the recent market downturn, ASML shares exhibited a surge of 8.7% in Frankfurt. Analysts at Jefferies expressed optimism in a note, stating that "the strong Q4 booking and backlog should alleviate some bearish concerns for 2025, although growth projections for 2026 may still face scrutiny."