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Why ASML Stock Was Climbing Today

TheMotleyFool

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Why ASML Stock Was Climbing TodayPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png

Shares of ASML (NASDAQ: ASML) were among the winners in the artificial intelligence (AI) sector as the maker of lithography systems that are used to make semiconductors rose on the Federal Reserve's interest rate cut on Wednesday.

The company also received a positive analyst note, reiterating an outperform rating on the stock. As of 2:06 p.m. ET on Thursday, the stock was up 6.5% on the news.

Image source: Getty Images.

Source Fool.com

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