Breaking News
Get 40% Off 0
🔎 See NVDA full ProTips for an instant risks or rewards Claim 40% OFF

Asml Sees Surge in Chip Orders Amid U.S.. Restrictions On Semi Tech Sales

Published Oct 26, 2023 00:58
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
ASML
-2.09%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SPOT
-1.07%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GM
+0.83%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MSFT
-0.31%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
KO
+2.21%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DBKGn
-0.35%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Chip manufacturer ASML reported a significant rise in orders, with China accounting for 46% of Q3 sales, in the wake of restrictions on semi-technology sales imposed by the Biden administration. This news comes as Apple (NASDAQ:AAPL)'s price target was reduced to $200 by Deutsche Bank due to overestimated Q1 revenue predictions while retaining its buy rating.

Spotify (NYSE:SPOT) enjoyed multiple price target increases following a strong Q3 performance. However, Exxon Mobil (NYSE:XOM)'s price target was lowered to $134 by JPMorgan due to the dilutive effect of the Pioneer Natural Resources (NYSE:PXD) acquisition. Despite exceeding Q3 expectations, GM faced numerous price target reductions largely due to an ongoing auto workers' strike.

Boeing (NYSE:BA) revised its 737 Max delivery forecast downwards due to production issues but remained steadfast on its 2023 cash flow expectations. Meanwhile, Coca-Cola (NYSE:KO)'s price target was raised by Wells Fargo and T-Mobile reported an earnings beat, despite a decrease in total net customers.

In other market news, U.S. stock futures fluctuated based on earnings reports from influential tech firms. Microsoft (NASDAQ:MSFT)'s stock rose by 3.7% after strong Q1 results, primarily driven by Azure's growth. Alphabet (NASDAQ:GOOGL)'s shares fell by 5.9% due to lackluster cloud computing revenue gains.

Despite reducing its 737 delivery forecast because of supplier Spirit AeroSystems (NYSE:SPR)' troubles, Boeing's shares increased by 3.7% as it maintained its annual free cash flow target. Texas Instruments (NASDAQ:TXN) experienced a 6.1% share drop after reporting disappointing Q3 revenue and Q4 guidance due to declining industrial chip demand.

Deutsche Bank's stock surged by 7.1% following promises of more share buybacks and potentially larger investor capital returns next year. Thermo Fisher (NYSE:TMO)'s shares fell by 0.8% after it cut its annual profit forecast due to weak demand for services used to make therapies and vaccines, coupled with rising raw material costs.

T-Mobile US (NASDAQ:TMUS) saw a 1.4% stock rise after raising its annual free cash flow forecast following surpassing quarterly subscriber additions and earnings estimates. General Dynamics (NYSE:GD), the Gulfstream jet maker, enjoyed a 2.2% share increase amid robust military equipment demand despite lower profits due to higher expenses. CME Group (NASDAQ:CME), a derivatives marketplace, saw a 2.5% share drop despite reporting increased Q3 profit as market volatility persisted.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Asml Sees Surge in Chip Orders Amid U.S.. Restrictions On Semi Tech Sales
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email