Why ASML Stock Surged Higher Today
Shares of ASML (NASDAQ: ASML) were up by 5% as of noon ET Thursday, according to data provided by S&P Global Market Intelligence.
ASML is the leading provider of lithography solutions to the semiconductor industry, and its upward momentum appeared to be a reaction to the promising guidance provided by its largest customer, Taiwan Semiconductor Manufacturing (NYSE: TSM), which reported fourth-quarter earnings Thursday morning.
Controlling most of the market for deep-ultraviolet (DUV) lithography equipment and holding a virtual monopoly in the bleeding-edge technology of extreme-ultraviolet (EUV) lithography, ASML is essential to TSMC's chipmaking operations. Likewise, as the world's largest semiconductor foundry, TSMC's immense significance to its industry makes it ASML's most valuable customer.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Stock
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
On the other hand, the target price of 232 € is below the current price of 243.0 € for Taiwan Semiconductor Manufacturing Co. Ltd. ADR, so the potential is actually -4.53%.
