Investing.com - Nasdaq and S&P 500 futures ticked up on Wednesday, after stock markets stabilized in the prior session in the wake of sharp declines earlier in the week that were inspired by a new Chinese AI model.
Shares of ASML jumped 10.6% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.088 billion euros ($7.39 billion). Its peers ASM International, BE Semiconductor and Infineon gained between 2.7% and 7.5%. Technology was the top winning sector, soaring 4.5%.
The central bank‘s decision on rates will be announced later in the session.These stocks were poised to make moves Wednesday:U.S.-listed shares of ASML, the Dutch semiconductor equipment maker, rose 7% in premarket trading after fourth-quarter bookings surpassed analysts’ forecasts.
European stocks are expected to open in mixed territory Wednesday as global market jitters over AI tech rivalry between the U.S. and China eases.
Global stocks have advanced in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek fades. Most markets in Asia were closed on Wednesday.
Anxiety over a Chinese startup’s threat to American artificial intelligence dominance faded further Wednesday as investors turned their focus to the Federal Reserve’s rate decision due later in the da
US stock futures and European equities advanced, following Wall Street’s rebound from a global market selloff as focus turns to the Federal Reserve’s interest-rate decision and US tech earnings.
The Federal Reserve announces its decision at 2 p.m. Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Benchmark equity indices, BSE Sensex and Nifty50, opened on a mixed note on Thursday, reflecting mixed global cues
I reiterate a 'Buy' rating for ASML with a one-year target price of US$864 per share, driven by AI's continued growth.
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