Bernstein Maintains ASML Holding(ASML.US) With Buy Rating, Cuts Target Price to $767
ASML Holding (ASML): New Buy Recommendation for This Technology Giant
European stock markets rise, chip stocks get a boost.
European stocks rose as the usa's restrictions on chip equipment sales may be less severe than previously expected, boosting chip stocks. The Stoxx 600 index closed up 0.5% in the London market, having earlier risen by 0.8%. Semiconductor-related stocks, such as asml holding, VAT Group AG, and Aixtron SE all increased. The spot market is closed for Thanksgiving. Wolf von Rotberg, a stock strategist at Bank J. Safra Sarasin, stated that the usa's limits on equipment sales are "not as strict as previously reported," benefiting european chip equipment suppliers.
European Stocks Close Higher, Dollar Gains, Bitcoin Eases To $95,000: What's Driving Markets Thursday?
There are hopes that the USA will relax chip controls, leading to a rise in chip equipment stocks such as asml holding.
According to insiders, the restrictions imposed by the United States on China's semiconductor industry may not be as severe as expected, leading to an increase in the stock prices of asml holding (ASML.US) and peers in the European computer chip equipment industry.
China Is Bombarding Tech Talent -- WSJ
