ASML Benefits from TSMC Earnings

2 months ago

Louise Moon

"Indeed. Yeah, just a quick one on them. So they're reacting well or they seem to be reacting on the back of results from TSMC over in Asia today. So ASML shares rose or rising about 3% recouping some of their recent losses. TSMC had their October sales figures, which rose at the slowest pace since February last year but still came in relatively strong. The industry remains buoyant about AI-driven growth, and investors believe that one weaker month in sales growth won't rattle the sector. There's still plenty of positivity behind the sector, and that is benefiting ASML as TSMC's results are seen as strong enough to boost demand for some of ASML's products."

ASML is seeing a rebound, with shares up about 3% as investors react positively to TSMC's October sales figures. Despite a slight slowdown in TSMC's growth, the broader semiconductor industry's optimism—particularly around AI-driven growth—is supporting ASML's performance. This short-term rebound suggests increased demand expectations for ASML's cutting-edge products.

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