Why Intel, Applied Materials, and ASML Holdings Rose as Much as 12% in January
Shares of Applied Materials (NASDAQ: AMAT), Intel (NASDAQ: INTC), and ASML Holding (NASDAQ: ASML) rose 12%, 11.4%, and 10.5%, respectively, in the month of January, according to data provided by S&P Global Market Intelligence.
While Intel had its own unique circumstances with the appointment of its new CEO, all three stocks benefited from general strong guidance by important semiconductor companies. That included Intel and ASML specifically, which both had their earnings reports toward the end of the month. And a big Applied Materials customer reported a huge surge in spending, helping Applied's stock rise along with the other two chip heavyweights.
Semiconductors had an electrifying month in January. Image source: Getty Images.
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