Monday, March 4, 2024
HomeASMLWhy Applied Materials and ASML Holding Stocks Bounced Nearly 5% Higher Today

Why Applied Materials and ASML Holding Stocks Bounced Nearly 5% Higher Today

2024-01-18 18:48:44 ET

The semiconductor industry had quite the trading session on the stock market Thursday. The 800-pound gorilla of the sector delivered satisfying quarterly results, and as a consequence, many chipmakers and affiliated companies saw their share prices rise in sympathy.

Among the numerous gainers were Applied Materials (NASDAQ: AMAT) and ASML Holding (NASDAQ: ASML) , both of which gained 4.5% in share price on the day. That figure was more than good enough to trounce the benchmark S&P 500 index, which bumped less than 1% higher.

Said gorilla is mighty contract manufacturer Taiwan Semiconductor Manufacturing (NYSE: TSM) , whose stock zoomed almost 10% higher in price following the publication of its latest set of quarterly results. Although the powerful semiconductor beast posted year-over-year declines in both revenue and earnings for its fourth quarter , both figures comfortably beat the average analyst estimates.

Continue reading

For further details see:

Why Applied Materials and ASML Holding Stocks Bounced Nearly 5% Higher Today


Disclaimer

This article is for the purposes of solicitation subscriptions for this website. This website expects to generate new advertisement revenue resulting from the distribution of this article. The amount of which is unknown at this time. This website or it’s authors do not own any shares of ASML Holding N.V. (ASML) and does not buy, sell, or trade any shares of (ASML). This article does not provide a professional analysis of a (ASML) financial position. (ASML) financial position and all other information regarding the featured Company should be verified directly with (ASML). Please read our full disclaimer for more detailed information.

Most Popular

Advertisement

Subscribe to our Stock News Alerts

Mobile is not required however if you want the fastest
delivery be sure to add your mobile.

Subscribe to our News Alerts
Loading