ASML SECTIES Waves after strong bookings

Milan (Reuters) -ASML shares increased sharply in the early Frankfurt trade on Wednesday after strong quarterly bookings.

The largest supplier of computer chip manufacturing equipment released much better than expected bookings in the fourth quarter of 7.08 billion euros, following a strong demand for its most advanced tools.

The shares that have been hit by the Deepseek route this week rose 8.7% in Frankfurt.

“The strong Q4 reservation and backlog will remove some of the bearish concerns about 2025, although the concerns about growth in 2026 are likely to continue,” Jefferies said in a note.

(Reporting Danilo Masoni; Editing Amanda Cooper)