Business & Finance
ASML, Chip-Tool Stocks Soar as Samsung, SK Plan Investments
Key Points
ASML, Chip-Tool Stocks Soar as Samsung, SK Plan Investments Shares of companies that supply semiconductor equipment are soaring this week as increased investments from leading chipmakers in South Korea bolster investors’ optimism. ASML Holding NV closed up 6.8% in Amsterdam, hitting a fresh record. US-listed peers Applied Materials Inc. and KLA Corp. were up more than 5% by midday in New York.
ASML, Chip-Tool Stocks Soar as Samsung, SK Plan Investments
Shares of companies that supply semiconductor equipment are soaring this week as increased investments from leading chipmakers in South Korea bolster investors’ optimism.
ASML Holding NV closed up 6.8% in Amsterdam, hitting a fresh record. US-listed peers Applied Materials Inc. and KLA Corp. were up more than 5% by midday in New York. On a two-day basis, the three stocks are among the best performers in the Philadelphia Semiconductor Index, which has gained 7.5% over the span.