Why ASML Stock Soared Today

Shares of lithography systems manufacturer ASML Holding (ASML 8.44%) soared on Wednesday even though the company gave cautious guidance for 2024. Investors, however, looked past the cautious outlook because financial results for the fourth quarter of 2023 were just so darn good. As of 9:45 a.m. ET, ASML stock was up about 8%.Orders are starting to pick back upLithography systems are crucial to semiconductor manufacturing, and ASML has a stranglehold on the market. To be clear, business was relatively slow i ...