ASML Record Orders, Raised Guidance Spark Nasdaq-100 Rally
NDX sits 31% above its 52-week low of $22,669.37.
Summary
ASML reported record orders and raised its sales guidance for the second time, signaling robust AI-driven chip demand. Nasdaq-100 futures are leading U.S. premarket gains, with Applied Materials among top movers. In Asia, SK Hynix surged 9%, recovering from recent volatility. This follows a period of tech selloffs, including a sharp drop in AI stocks earlier this week. The ASML update directly counters bearish sentiment and could shift positioning ahead of earnings from major financials today.
At the time of this announcement, NDX was trading at $29,586.29 on NASDAQ in the Technology sector. The 52-week trading range was $22,669.37 to $30,762.20. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.