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Symbol ASML
Name ASML Holding N.V.
Currency USD
Sector Information Technology
IndustryGroup Semiconductors & Semiconductor Equipment
Industry Semiconductors & Semiconductor Equipment
Market NASDAQ Global Select
Country Netherlands
State
City Veldhoven
Zipcode 5504 DR
Website http://www.asml.com
US stocks rebounded on Friday, with the Nasdaq Composite rising 1%, the Dow Jones Industrial Average up 1.2%, and the S&P 500 increasing by 1.1%, following favorable inflation data for November. However, all three major indices finished the week lower, with the Nasdaq down 1.8% and both the Dow and S&P shedding around 2%. Concerns over a potential government shutdown and tariff threats from Trump added pressure to global markets, while Novo Nordisk's shares plummeted nearly 20% after disappointing trial results for its obesity drug.
US stocks rebounded on Friday as inflation data indicated a slowdown in price increases for November, with the Dow Jones up 0.8%, S&P 500 rising 0.7%, and Nasdaq gaining 0.6%. The core Personal Consumption Expenditures index showed monthly deceleration, although inflation remains above the Fed's 2% target. Concerns over a potential government shutdown and tariff threats from Trump weighed on global markets, while Novo Nordisk's shares plummeted 20% following disappointing trial results for its obesity drug.
US stock futures indicate a challenging day ahead as the House voted against a Trump-backed spending bill, raising the likelihood of a government shutdown. Key inflation data is anticipated, with futures for the S&P 500 down 1% and Nasdaq futures plunging 1.6%. Major stocks, including Nvidia and Tesla, faced significant declines amid global market pressures and disappointing earnings reports.
Intel has appointed former ASML CEO Eric Meurice and Microchip Technology interim CEO Steve Sanghi to its board as the company seeks a replacement for ousted CEO Pat Gelsinger. Their extensive semiconductor experience addresses a gap left by a previous board member's departure. Intel is currently in the midst of a cost-cutting initiative and has engaged an executive search firm to assist in finding Gelsinger's successor.
UBS has maintained a "Neutral" rating on ASML with a target price of 710 euros, following the announcement of new US export restrictions on semiconductor equipment to China. Analyst Francois-Xavier Bouvignies noted that while the impact on ASML's sales is expected, it may be less severe than previously feared, potentially affecting sales in the mid to high single-digit percentage range.
The U.S. is set to impose new export restrictions on China's semiconductor industry, targeting 140 companies, including key chip toolmakers like Naura Technology Group and Piotech. This crackdown aims to hinder China's chipmaking capabilities, particularly in advanced memory chips and AI applications, as the Biden administration seeks to bolster national security ahead of the upcoming Trump administration. The measures will also affect foreign manufacturers, expanding U.S. control over chipmaking equipment exports to China.
Bitcoin approached the $100,000 mark this week, reaching within $1,000 before retreating to around $96,150. Analysts express caution, noting that the psychological barrier of $100,000 may hinder further gains, with some investors cashing in on recent highs. Concerns about market leverage and potential corrections loom, yet optimism remains if political promises to the crypto sector materialize.
Bitcoin approached the $100,000 mark this week, trading around $95,600 after a brief dip to $90,702.27, as investors took profits amid concerns that the psychological barrier may hinder further gains. Analysts suggest that the recent surge could mislead investors, with some viewing it as a return play rather than a reflection of intrinsic value. Meanwhile, the U.S. is considering looser chip export restrictions, and China is tightening tungsten exports, impacting global markets.
Shares of major semiconductor equipment firms surged following reports that the U.S. is considering less stringent sanctions on China's chip industry. ASML and Tokyo Electron saw significant gains as the U.S. may limit the export blacklist for Chinese firms, potentially softening the impact on ASML's revenue from China. Analysts noted that excluding ChangXin Memory Technologies from the blacklist could lead to a smaller decline in ASML's sales than previously expected.
Nvidia shares fell 3.21% in premarket trading after the company reported third-quarter earnings that, despite beating expectations with $35.08 billion in revenue (up 94% year-on-year), indicated a slowdown in growth compared to previous quarters. This decline affected other chipmakers, with Intel, Qualcomm, and AMD also experiencing losses. Analysts remain optimistic about Nvidia's future, particularly with the anticipated launch of its next-generation chip, Blackwell, amid strong demand.
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