ASML Jun 2024 640.000 put
- Insider Monkey
Is ASML Holding NV (ASML) Billionaire Cohen’s Top AI Semiconductor Pick?
Insider Monkey recently analyzed billionaire Steve Cohen’s latest portfolio to see some of his top AI stock picks. Since ASML Holding NV (ASML) ranks 6th in our list of the 10 Best AI Stock Picks of Billionaire Steve Cohen, the stock deserves a detailed look. Billionaire Steve Cohen is one of the few hedge fund managers who […]
- Reuters
ASML, Eindhoven Tech University to invest $195 million in partnership
European tech giant ASML and the Eindhoven University of Technology said on Thursday they have agreed to spend a combined 180 million euros ($195 million) on semiconductor research over the coming decade. ASML, the largest supplier of equipment used in computer chip manufacturing, has been struggling with where and how it will expand operations, and with questions over whether the workforce and other infrastructure in the Netherlands' Eindhoven region will be enough to meet its growth plans. "The collaboration will increase the availability of PhDs, which our industry has a strong need for, and will provide scientific insights that are relevant to the chip industry and society," ASML CFO Roger Dassen said in a statement announcing the deal.
- Yahoo Finance Video
What Nvidia, consumer spending signal for the market: Catalysts
On today's episode of Catalysts, Hosts Seana Smith and Madison Mills break down key market trends and the trading day's biggest stories. As Nvidia (NVDA) is set to report its earnings this week, HSBC Global Private Banking and Wealth Management Americas CIO Jose Rasco joins the show to discuss how the chip company and the overall AI push may impact the market (^DJI,^GSPC, ^IXIC). He explains that new technology, like artificial intelligence, is diffusing across all sectors as companies seek to find efficiencies and expand revenue. Rasco adds that Nvidia and the AI boom will ultimately drive deflation in the market, ultimately resulting in lower prices for goods and services. However, there are some geopolitical pressures facing the chip sector. ASML (ASML) and Taiwan Semiconductor Manufacturing Company (TSM) could disable their chip machines remotely if China were to invade Taiwan, according to a report from Bloomberg. JPMorgan Chase (JPM) CEO Jamie Dimon sparked speculation about his potential resignation after pivoting from his usual stance during the company's annual investor day and saying that his remaining time at the company is no longer five years. Yahoo Finance's David Hollerith explains what this means for the company's future and who might be considered to succeed Dimon. Lowe's (LOW) topped Wall Street's first quarter earnings estimates, posting revenue of $21.36 billion and gains of $3.06 per share. While consumer spending remains low, CEO Marvin Ellison points to loyalty programs and online spending as areas offsetting pullback concerns. Meanwhile, Peloton (PTON) is having a more difficult time dealing with the consumer sales slump as the home fitness company announced it is starting the sale of a $1 billion loan offering. Wendy's (WEN) and (TGT) both announced new initiatives to draw consumers back to their stores, from a $3 breakfast value meal to price cuts on five thousand items. This post was written by Melanie Riehl
