ASML Stock Rises. Finally Good News on AI Chip Demand Following Outlook Disappointment.

By MarketWatch | Nov 14, 2024 at 07:48 AM EST

ASML Holding's stock rose after confirming it will maintain its long-term targets, easing concerns in the semiconductor sector following a sales warning. The company provides cutting-edge chipmaking tools to industry giants like TSMC, Intel, and Samsung, serving as a key indicator for the semiconductor industry.

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