US Stock Market Move | Semiconductor stocks rallied, ASML Holding NV ADR (ASML.US) gained more than 6%
On Thursday, the U.S. semiconductor stocks surged, with ASML.US rising more than 6%, Applied Materials (AMAT.US) rising over 5%, Micron Technology (MU.US) rising nearly 5%, and ON Semiconductor (ON.US) rising more than 4%.
Driven by Intel Corporation (INTC.US), on Thursday, US semiconductor stocks rose across the board, with ASML Holding NV ADR (ASML.US) rising by over 6%, Applied Materials (AMAT.US) rising by over 5%, Micron Technology, Inc. (MU.US) rising by nearly 5%, and ON Semiconductor Corporation (ON.US) rising by over 4%. JP Morgan recently released a research report stating that after the disappointing second quarter report released in July, ASML Holding NV ADR stated, "We are still preparing for growth in 2026, but at this stage we cannot confirm this plan." Since then, ASML Holding NV ADR's company news in August and September has improved. Therefore, according to JP Morgan, the worst news seems to be behind us. Although 2026 may not be a strong growth year for the company, ASML Holding NV ADR is likely to provide better mid-term expectations, which will help achieve strong growth in sales in the logic and storage markets in 2027.
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