ASML shares surge after strong bookings
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FILE PHOTO: ASML logo is seen in this illustration taken February 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
MILAN (Reuters) - ASML shares rose sharply in early Frankfurt trading on Wednesday following strong quarterly bookings.
The biggest supplier of computer chip-making equipment posted much better than expected fourth-quarter bookings of 7.08 billion euros, on strong demand for its most advanced tools.
The shares, which have been hit by the DeepSeek rout this week, were up 8.7% in Frankfurt.
"The strong Q4 booking and backlog will dispel some of the bearish concerns regarding 2025 itself, though concerns on the 2026 growth are likely to persist," Jefferies said in a note.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
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