On July 31, ASML Holding NV rose 3.04% overnight, trading at $1,701.0/share, with turnover of $11.28 million, extending the prior session's rebound momentum.
On the news front, the stock had suffered significant cumulative losses in July following reports that a Chinese state-backed company began mass-producing domestically developed immersion DUV lithography machines. The current rise represents a continued technical recovery from prior oversold conditions. Analysts have noted that the selloff in semiconductor equipment stocks was overdone, as the Chinese program's annual output target of approximately 5 units compares starkly with ASML's delivery of 131 immersion DUV systems last year, suggesting limited near-term fundamental impact. Institutional ratings remain at buy, citing exceptionally long demand visibility and plans to expand both Low-NA EUV and ArFi capacity by 30%.
Within the Semiconductor Equipment sector, the broader group continued to recover. Among individual stocks, Applied Materials up 4.57%, Lam Research up 4.32%, MKS Instruments up 3.99%, Teradyne up 3.87%, KLA-Tencor up 3.62%.
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