The CEO of Dutch chipmaking giant ASML warned investors they needed to get used to more DeepSeek-style “elephants in the room” as he projected optimism days after China’s surprise AI chatbot caused turmoil for Western tech stocks.
Shrugging off fears prompted by Chinese AI firm DeepSeek, Dutch computer chip equipment maker ASML on Wednesday reported better than expected fourth-quarter bookings of 7.088 billion euros ($7.39 billion), on strong demand for its advanced tools.
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.
I reiterate a 'Buy' rating for ASML with a one-year target price of US$864 per share, driven by AI's continued growth.
ASML stock rose nearly 6% premarket after the Dutch semiconductor equipment company posted better than expected fourth quarter earnings and its CEO dismissed concerns over DeepSeek AI.
ASML's shares rose by more than 7% today and were up by 4.1% as of 11:03 a.m. ET.
DeepSeek prompted a major sell off of tech stocks this week, but ASML's chief says the artificial-intelligence upstart could boost the chips sector in the longer term. Tech stocks—including ASML—fell
ASML Holding NV registró el mayor repunte desde 2020 tras registrar pedidos por el doble del valor de lo que esperaban los analistas, mientras el auge de la inteligencia artificial impulsa la demanda de sus máquinas para fabricar chips.
The Applied Social Media Lab, a pop-up initiative of Harvard University's Berkman Klein Center for Internet & Society, is delighted to welcome new fellow Rudy Fraser. Beginning February 1st, Rudy will join the ASML along its current fellows,
One of the chip industry giants just posted financial results that helped assuage the fears of many when it comes to AI investing. That company is ASML (NASDAQ: ASML), a Dutch equipment manufacturer vital to the semiconductor industry.
The Applied Social Media Lab, a pop-up initiative of Harvard University's Berkman Klein Center for Internet & Society, is delighted to welcome new fellow Rudy Fraser. Beginning February 1st, Rudy will join the ASML along its current fellows,