European Semiconductor Stocks Surge After ASML Orders Beat Forecasts -- Market Talk

Dow Jones
01-29

0820 GMT - Shares of European semiconductor companies jumped early Wednesday after industry bellwether ASML Holding posted orders well above analysts' expectations for the fourth quarter. The Dutch semiconductor-equipment maker said AI would be a clear growth driver, injecting optimism after Monday's DeepSeek fallout. ASML shares opened 10% higher in Amsterdam, paring back Monday losses when the stock closed 7% lower. Shares of smaller rival ASM International are up 7%. STMicroelectronics trades 2% higher in Paris, while Germany's Infineon Technologies is up 2.2%. (mauro.orru@wsj.com)

 

(END) Dow Jones Newswires

January 29, 2025 03:21 ET (08:21 GMT)

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