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Globally critical chip firm ASML jumps 6% after earnings; sees limited impact from U.S. China curbs

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ASML reported third-quarter earnings that topped analyst expectations, bucking the trend of a slowdown seen by other semiconductor firms.

, which are required to make the most advanced chips. It is the only company in the world making such machines, giving it a de-facto monopoly on this part of the supply chain and making it one of the most important firms in the semiconductor industry.

But the strong results from ASML bucked the broader market slowdown, sending shares more than 6% higher in European morning trade. Peter Wennink, CEO of ASML said Wednesday there is "uncertainty in the market due to a number of global macro-economic concerns including inflation, consumer confidence and the risk of a recession."

 

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Well, guess ol Nancy's trip to Asia helped out hubby's and potus stock portfolio AGAIN!! SpeakerPelosi. SenateGOP HouseGOP thefive

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