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Why ASML Holding Stock Was Climbing Today

TheMotleyFool

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Why ASML Holding Stock Was Climbing Today: https://g.foolcdn.com/editorial/images/785328/silicon-wafers-and-microcircuits-with-automation-system-control-application-semiconductor.jpg

Shares of ASML Holdings (NASDAQ: ASML), the world's largest provider of semiconductor manufacturing equipment, were moving higher today. They were buoyed by an analyst upgrade last night, news that it could be excluded from U.S. chip export restrictions on China, and a broad surge in chip stocks, following a strong earnings report from Advanced Micro Devices.

As of 10:18 a.m. ET on Wednesday, the stock was up 7.4%.

Image source: Getty Images.

Source Fool.com