Why ASML Stock Was Climbing Today

An interest rate cut gave the chip stock a boost.Shares of ASML (ASML 5.50%) were among the winners in the artificial intelligence (AI) sector as the maker of lithography systems that are used to make semiconductors rose on the Federal Reserve's interest rate cut on Wednesday.The company also received a positive analyst note, reiterating an outperform rating on the stock. As of 2:06 p.m. ET on Thursday, the stock was up 6.5% on the news. ASML gets a much-needed boostWhile many of its chip sector peers have ...