New Zealand markets open in 5 hours 6 minutes

ASML Holding N.V. (ASML)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
Add to watchlist
899.44-77.48 (-7.93%)
As of 12:53PM EDT. Market open.
Full screen
Loading interactive chart…
  • Yahoo Finance Video

    This analyst isn't worried about ASML chip demand. Here's why

    Shares of ASML Holding (ASML) are under pressure on Wednesday after the company reported that its net sales fell 21.6% year-over-year. To discuss the situation, Insinger Gilissen Senior Equity Analyst Jos Versteeg joins the Morning Brief. Versteeg explains that the demand for ASML's products is not lacking, but rather, the order flow is "lumpy." He points to 2023 order inflows as an example, with the second half of the year witnessing order inflows of $13 billion — $9 billion of which was in the last quarter alone. Versteeg cautions investors not to read too much into these order inflow numbers, as they do not necessarily "express that the market is weak." Furthermore, Versteeg notes that for the past two months, semiconductor sales have been declining, suggesting that the market could be "hesitating." Coupled with the order inflows reported by ASML, Versteeg understands why investors may be "shocked." However, he emphasizes that order inflow numbers do not accurately reflect the company's performance. Despite these short-term fluctuations, Versteeg remains "positive" on ASML's long-term prospects and has "no worries" about the company's future demand and profit success. "There's a very strong long-term demand for semiconductors and ASML is in the right spot," Versteeg tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

  • Yahoo Finance Video

    ASML Holding, United Airlines, LVMH: Trending tickers

    ASML Holding (ASML) shares are trading lower at Wednesday's market open after the company reported weaker-than-expected net sales in the first quarter. The Dutch semiconductor equipment manufacturer is suffering from slowing demand, but it has reiterated its 2024 outlook as it anticipates a recovery. United Airlines (UAL) shares are trading higher after the company reported first quarter results that topped estimates, reporting a revenue beat and a narrower-than-expected loss. This positive performance comes despite the company recording a loss in the quarter due to the grounding of its Boeing fleet. LVMH (MC.PA) shares are trading higher despite a slowdown in luxury spending. As consumers have become more price-conscious amid rising inflation, the luxury brand conglomerate experienced a hit to its quarterly revenue in the first quarter. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

  • Reuters

    ASML executives expect Chinese demand to remain strong

    Executives at Dutch computer chip equipment maker ASML said on Wednesday they expect demand from Chinese customers to remain strong, representing "in the ballpark" of 20% of the company's order backlog. Chief executive Peter Wennink said on a call after the company's first quarter earnings that there was currently no reason the company could not provide servicing for equipment it has sold to Chinese customers. The U.S. and Dutch government are in talks on restricting ASML's ability to provide maintenance and servicing for advanced equipment sold to Chinese chipmakers that require an export licence under new Dutch rules introduced in the past year.