Wednesday, January 29, 2025

Chips: "ASML reports boost in full-year sales as it shares outlook for 2025" Stock Jumps

The stock was up as much as 11% 12% in Amsterdam, 696.50 euros +49.90 (+7.72%) last I saw.

From EuroNews, January 29:

ASML's robust results come at a time when the semiconductor and artificial intelligence (AI) market is reeling under the shock of new entrant DeepSeek, a new arrival from China.

Dutch semiconductor giant ASML has reported its fourth quarter results, along with full year earnings for 2024.  

The company's total net sales came up to €28.3 billion for the full year 2024, a rise from 2023's €27.6bn. This was mainly driven by the rapid and recent advancements in AI, which in turn has led to an increase in semiconductor demand. 

Net income for 2024 was €7.6bn, which was down from 2023's €7.8bn. 

ASML's share price soared 10.45% on Wednesday morning....

....MUCH MORE