Nasdaq Index: ASML Surge, Powell Remarks and Megacap Earnings Drive Today's Forecast

ASML, the Dutch company that makes the machines chipmakers need to produce advanced semiconductors, reported quarterly bookings of €13.2 billion—more than double what analysts expected. The company also announced a €12 billion stock buyback and said revenue from its most advanced equipment should rise significantly in 2026.The guidance is good news for the chip sector and the AI infrastructure story more broadly. We’ve mentioned several times since earnings season began that the investors weren’t looking at ...