Critical chip firm ASML posts fourth-quarter sales and profit beat
Posted: Jan 29, 2025
- ASML, a Dutch semiconductor equipment maker, reported better-than-expected net sales and profit results for the fourth quarter
- Net sales were 9.26 billion euros, surpassing the expected 9.07 billion euros
- Net profit was 2.69 billion euros, beating the expected 2.64 billion euros
- Net bookings for ASML came in at 7.09 billion euros, showing a 169% increase from the third quarter
- Concerns about a tech sell-off after the rollout of Chinese startup DeepSeek's low-cost AI language model affected ASML's stock
- Demand for ASML's high-precision extreme ultraviolet (EUV) machines, used to print advanced microchips, could be impacted by the spending of leading AI players on Nvidia graphics processing units
What do people on Reddit think?
🚨 Reddit sentiment: positive - The summary highlights ASML's strong financial performance, exceeding orders, and positive market growth outlook, which overshadow concerns about competition. Summarized comments: - ASML's net bookings reached 7.09 billion euros, up 169% from the previous quarter, exceeding analyst expectations. - ASML orders are boosted by the AI boom despite concerns over competition from Chinese company DeepSeek. - ASML's market cap recently fell due to concerns over AI competition but recovered with strong order bookings. - Expansion in chip production with new printers ordered by TSMC and Intel in the US supported by the Chips Act. - Some users express bullish sentiments about ASML's technology and market position. Stock tickers discussed: $ASML, $TSMC, $INTC, $MSFT
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