Why Shares of ASML Holding Rocketed 92.3% Higher in 2019
Shares of ASML Holding (NASDAQ: ASML) shot up 92.3% in 2019, according to data from S&P Global Market Intelligence. Usually, stocks that nearly double within one year -- especially ones as large as ASML, at a $126 billion market capitalization -- need to have everything go right for them. That was the case in 2019, as the technology and semiconductor sectors rebounded, ASML executed extremely well, and investor sentiment surged.
Specifically, ASML is the sole provider of a unique technology that should be very important to the chip industry for years to come.
Image source: ASML.
Source Fool.com
