ASML Soars to Record High After Blowout Bookings, Job Cuts

ASML Holding NV shares soared to the highest ever after orders in the fourth quarter far exceeded analysts’ expectations and the Dutch semiconductor equipment maker announced job cuts to boost efficiency. Bookings in the fourth quarter were a record €13.2 billion ($15.8 billion), as artificial intelligence fueled demand for its most sophisticated equipment, the Veldhoven, Netherlands-based company said in a statement on Wednesday. That compares with an average analyst estimate of €6.85 billion, according ...