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Markets · Investing · Business
Finance
Why ASML Holding Stock Bumped 4% Higher Today
A glowing analyst report on a pair of chipmakers lifted associated stocks.
Friday was a fine day to hold the stock of ASML Holding(NASDAQ: ASML), the Netherlands-based company that specializes in photolithography (essentially, printing circuits onto a microprocessor). A highly bullish analysis of a top name in the chip sector sparked a sympathy rally in related stocks, pushing ASML's equity up by over 4%.
That analysis was published by the research firm Lynx Equity Strategies. The firm's K.C. Rajkumar waxed bullish on two high-profile memory chipmakers, Micron Technology and Sandisk. Lynx continues to rate them as clear buys with anticipated upside of 33% and 49%, respectively.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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