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Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.

Video Transcript

00:05 Jared

It is time to cover some of today's trending tickers brought to you by CBO. We're watching SpaceX, other space stocks and chip names and joining me now live from the Nasdaq is Yahoo Finance's Brooke De Palma. So Brooke, we got to talk about SpaceX here. You were there at 11:45 a.m. when we got that first trade, 56 something million shares, $8.4 billion dollars. What was it like?

00:32 Brooke DiPalma

Yeah, I mean the stock opened up at 150, now hovering just above 160 after surpassing 170 earlier this day. Definitely the excitement, the energy, it is all there. But you can't help but also follow this story on social media as well. Elon Musk, uh particularly, uh sort of making this more than just an IPO itself. There are so many ways that this IPO is so unique including that $135 IPO price that we got even in the filing. On top of the fact that retail investors are getting larger piece of pie. But I also want to draw your attention to this tweet where they actually gave the underwriter, supposedly Elon Musk, giving the underwriters green shoes because of the green shoe option, essentially saying that underwriting banks can sell more shares than actually exists within the offer. Typically that's upwards of more than 15%. And so it just goes to show that the energy, the excitement and and the anticipation that this IPO going into it was already going to be oversubscribed. It's certainly there and you could see this just sort of playing out not only here at the Nasdaq but really across of social media. A lot of social posts that have been putting out are getting such high engagement. Um so really, SpaceX now trading above still above nearly uh 19% more than that IPO price of 150.

01:23 Jared

Yeah. We were just talking to Caleb Silver down at the New York Stock Exchange and guess what they're watching too. All right, we we got to move on here because looking at some of the other space stocks out there, you could say Rocket Lab, Virgin Galactic, EchoStar, UFO ETF, they're all trading lower here. And this raises an overarching concern I've heard a lot this week, which is SpaceX is so big, maybe it's just sucking money out of other trades and there are concerns that maybe, you know, we're putting in a temporary market top here because of its size. What do you think, Brooke?

01:54 Brooke DiPalma

Right. Right. Well, if you take a look at SPCE, which is quite similar to SPCX, which is what SpaceX is now trading under, that's Virgin Galactic. And going into this, year to date, the stock was up more than 22%. Now the stock trading just below $4 per share. And so you have to wonder with so much discussion around how this SpaceX IPO was really providing such momentum to the space economy, the interest in the space economy, you have to wonder how these IPOs or rather how these companies within the space sector will perform following this when it seems like everybody wants to be in on the company who seemingly seems to be doing everything. I mean, Elon Musk wants to build a colony on Mars. Elon Musk is already putting data centers or rather satellites into space, eventually data centers into space. He also wants to get colonization on the moon. And so they're playing into these long-term bet that's also taking some near-term strategy. A company that's not profitable, a companies that's revenue is far less than its valuation, but it seems like investors right now willing to take the risk, perhaps moving away from some of these, you know, old school, long running space companies that we've seen listed for quite some time.

03:00 Jared

Sure, like Boeing, Lockheed Martin, etc. Want to talk to you about semiconductors because they've had an incredible run this quarter, but they've been under a bit of pressure at various times this week and part of what I was just talking about, the concern that some of the uh that the SpaceX trade is being funded by other parts of the market. Well, are we seeing that in the chip trade here?

03:24 Brooke DiPalma

Yeah, what we're seeing as we head or make our way into this afternoon, if you take a look at what we're seeing within the YF interactive, we are seeing uh some intraday trading, mostly a mixed picture, but Nvidia, Broadcom, Micron, ASML, all down, moving lower, but at the same time, you do have some stocks that are benefiting not only from perhaps this risk-on sentiment that SpaceX is is inviting to the market given that it has outperformed expectations, certainly well above that 135 IPO price. But on top of that, too, you have this potential ceasefire uh within uh with between the US and Iran. So that's certainly contributing to some momentum that we're seeing in the market, too. But some of the names seeing the most momentum today include Intel, ARM, Qualcomm, even SanDisk seeing a nice pop. And so certainly these names that are playing into this larger AI narrative are seeing some tailwinds because of the SpaceX IPO, Jared.

04:09 Jared

Yeah, and you got to think that the uh the winners, that might be a narrower group going forward. But I appreciate you stopping by here, Brooke. Yeah.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Investors in ASML Holding NV (Symbol: ASML) saw new options begin trading today, for the December 2028 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 917 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ASML options chain for the new December 2028 contracts and identified one put and one call contract of particular interest.

The put contract at the $1360.00 strike price has a current bid of $282.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $1360.00, but will also collect the premium, putting the cost basis of the shares at $1078.00 (before broker commissions). To an investor already interested in purchasing shares of ASML, that could represent an attractive alternative to paying $1871.70/share today.

Because the $1360.00 strike represents an approximate 27% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 82%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 20.74% return on the cash commitment, or 8.25% annualized — at Stock Options Channel we call this the YieldBoost.

Below is a chart showing the trailing twelve month trading history for ASML Holding NV, and highlighting in green where the $1360.00 strike is located relative to that history:

Turning to the calls side of the option chain, the call contract at the $2340.00 strike price has a current bid of $566.00. If an investor was to purchase shares of ASML stock at the current price level of $1871.70/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $2340.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 55.26% if the stock gets called away at the December 2028 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if ASML shares really soar, which is why looking at the trailing twelve month trading history for ASML Holding NV, as well as studying the business fundamentals becomes important. Below is a chart showing ASML's trailing twelve month trading history, with the $2340.00 strike highlighted in red:

Considering the fact that the $2340.00 strike represents an approximate 25% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 39%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 30.24% boost of extra return to the investor, or 12.04% annualized, which we refer to as the YieldBoost.

The implied volatility in the put contract example is 58%, while the implied volatility in the call contract example is 59%.

Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $1871.70) to be 42%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.

Top YieldBoost Calls of the Nasdaq 100 »

Further ASML Research:

Funds Holding ASMLASML Next Dividend DateEarnings History

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Investing.com -- French artificial intelligence startup Mistral AI is negotiating to raise approximately €3 billion ($3.5 billion) at a valuation of about €20 billion, according to a Friday report by Bloomberg. The funding round would provide the Paris-based company with resources as it competes in the computing race against rivals in the US and China.

The discussions with investors remain in early stages and terms could still change, the report said. The valuation may increase based on investor demand. Mistral was valued at €11.7 billion when it raised funds in September.

ASML Holding NV is the company's largest shareholder. The Dutch firm invested €1.3 billion and acquired an 11% stake in Mistral during last year's funding round.

Mistral was founded in 2023 by researchers from Google DeepMind and Meta Platforms Inc. The company positions itself as Europe's response to Silicon Valley's leadership in artificial intelligence. Mistral operates as an infrastructure provider for European governments and companies, constructing cloud-computing facilities it manages in France and Sweden.

The company has marketed its AI services for engineering and manufacturing applications, securing agreements with major European industrial companies including Airbus SE and BMW AG.

Mistral has also presented European banks and other institutions with its alternative to Anthropic's Mythos, an AI model designed to identify cybersecurity vulnerabilities. Chief Executive Officer Arthur Mensch described this capability as a national security risk last month. "We must have control over this technology," he said.

Previous investors in Mistral include France's state bank Bpifrance and US venture capital firms Lightspeed Venture Partners, General Catalyst and Andreessen Horowitz.

Related articles

Mistral AI in talks to raise €3 billion at €20 billion value

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide.

ASML Holding and labor unions have agreed a social plan linked to 1,700 job cuts in a company wide restructuring. The plan focuses on Development & Engineering and IT & Data teams and runs without compulsory layoffs until May next year. ASML aims to redeploy affected staff internally while pursuing higher efficiency across its operations.

For a company as central to chip manufacturing as ASML Holding (ENXTAM:ASML), a restructuring on this scale is a key operational event. The stock trades at around €1,576.0, with returns of 5.2% over the past week and 24.5% over the past month, and is up 59.8% year to date. Over longer periods, reported returns are 134.8% over one year, 140.1% over three years, and 179.9% over five years.

Investors are likely to focus on how the social plan and job cuts affect execution in core engineering and data functions, as well as company culture. The current emphasis on efficiency and cost structure provides context for interpreting future updates on ASML's operations, capital allocation, and hiring plans.

Stay updated on the most important news stories for ASML Holding by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on ASML Holding.ENXTAM:ASML Earnings & Revenue Growth as at Jun 2026

We've flagged 1 risk for ASML Holding. See which could impact your investment.

Investor Checklist

Quick Assessment

⚖️ Price vs Analyst Target: At €1,576.0, the stock is about 2.4% above the €1,538.51 analyst price target, so it is trading close to consensus. ❌ Simply Wall St Valuation: The shares are described as trading 122.7% above an estimated fair value, which flags a rich valuation. ✅ Recent Momentum: A 24.5% return over the past 30 days shows strong short term momentum into this restructuring news.

There's only one way to know the right time to buy, sell or hold ASML Holding. Head to Simply Wall St's company report for the latest analysis of ASML Holding's Fair Value.

Key Considerations

📊 The social plan signals management is focused on efficiency in Development & Engineering and IT & Data while trying to preserve know how through internal redeployment. 📊 Watch updates on restructuring costs, productivity metrics and whether staffing changes affect delivery timelines for new tools and services. ⚠️ With one flagged risk on share price volatility, investors may want to consider how any disruption from job cuts interacts with an already sensitive stock.

Story Continues

Dig Deeper

For the full picture including more risks and rewards, check out the complete ASML Holding analysis. Alternatively, you can check out the community page for ASML Holding to see how other investors believe this latest news will impact the company's narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASML.AS.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +0.03%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.37%.  June E-mini S&P futures (ESM26) are up +0.03%, and June E-mini Nasdaq futures (NQM26) are up +0.40%.

Stock indexes are moving higher today, as chipmakers and other AI-related stocks climb to lift the broader market and recover some of Wednesday’s sharp losses.  However, software stocks are on the defensive today, led by an -11% slump in Oracle after it reported higher-than-expected capital expenses, driven by increased data spending.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks are being undercut as crude oil prices erased early losses and whipsawed higher on concerns about the escalation of Middle East hostilities after President Trump said the US will be hitting Iran very hard tonight and will "at some point" take control of Kharg Island, Iran's key export hub, thus taking control of Iran's oil and gas markets.

Stocks are also pressured by today’s US economic reports, which showed that weekly US jobless claims unexpectedly rose to a 4-month high and that May producer prices were mixed.

Late Wednesday, President Trump said the US will continue bombing Iran if it refuses to agree to an interim peace deal.  Mr. Trump ordered multiple strikes on Iranian targets on Wednesday, and Iran retaliated by firing on US bases in Kuwait, Bahrain, and Jordan.  The increase in tensions risks derailing peace talks between Iran and the US, thus keeping the Strait of Hormuz closed, and further tightening global energy supplies.

US weekly initial unemployment claims unexpectedly rose +4,000 to a 4-month high of 229,000, showing a weaker labor market than expectations of a decline to 220,000.

US May PPI final demand rose +1.1% m/m and +6.5% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y, with the +6.5% y/y gain being the largest year-on-year increase in 3.5 years.  However, May PI ex food and energy rose +0.4% m/m and +4.9% y/y, weaker than expectations of +0.5% m/m and +5.4% y/y.

WTI crude oil prices (CLN26) are extremely volatile, whipsawing higher and lower several times today.  Crude prices today initially gave up an overnight advance of more than +2% and fell more than -1% as concerns over the escalation of the US-Iran conflict eased after the US ended strikes against Iran.  However, prices then rallied more than +1% again when President Trump said the US would keep attacking Iran and threatened to seize the Kharg Island oil terminal, Iran’s main crude exporting hub.

The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.89%.  China's Shanghai Composite closed down -0.16%.  Japan's Nikkei Stock Average recovered from a 2.5-week low and closed up +0.06%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +4 ticks, and the 10-year T-note yield is down -3.0 bp to 4.523%.  T-notes are moving higher today after US weekly jobless claims unexpectedly rose to a 4-month high and May producer prices ex-food and energy rose less than expected, dovish factors for Fed policy.

Gains in T-notes are limited after crude oil prices whipsawed higher after President Trump said the US will keep on attacking Iran and threatened to seize Kharg Island, Iran’s main crude exporting hub.  Also, supply pressures are negative for T-notes, as the Treasury will auction $22 billion of 30-year T-bonds later today.

European government bond yields are moving lower today.  The 10-year German Bund yield fell from a 2.5-week high of 3.091% and is down -4.1 bp to 3.035%.  The 10-year UK gilt yield is down -2.6 bp to 4.905%.

The ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth."

The ECB cut its 2026 Eurozone GDP estimate to +0.8% from a previous estimate of +0.9%, and raised its 2026 Eurozone inflation ex-food and energy forecast to +2.5% from a previous forecast of +2.3%.

Swaps are discounting a 64% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Chipmakers and AI-infrastructure stocks are moving higher today on signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  KLA Corp (KLAC) is up more than +8% to lead gainers in the S&P 500 and Nasdaq 100, and Applied Materials (AMAT), Intel (INTC), Lam Research (LRCX), and Sandisk (SNDK) are up more than +6%.  Also, ARM Holdings Plc (ARM) is up more than +5%, and ASML Holding NV (ASML) is up more than +4%.  In addition, Marvell Technology (MRVL), Seagate Technology Holdings Plc (STX), Advanced Micro Devices (AMD), and Analog Devices (ADI) are up more than +3%, and Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), Micron Technology (MU), Texas Instruments (TXN), and Western Digital (WDC) are up more than +2%.

Software stocks are under pressure today, limiting gains in the overall market, with Oracle (ORCL) down more than -11% to lead losers in the S&P 500 after forecasting full-year capital spending of $70 billion, $20-25 billion higher than expected due to prepayment for some components.  Also, Adobe Systems (ADBE) is down more than -5% to lead losers in the Nasdaq 100, and Salesforce (CRM) is down more than -3% to lead losers in the Dow Jones Industrials.  In addition, ServiceNow (NOW), Atlassian Corp (TEAM), Autodesk (ADSK), Intuit (INTU), and Workday (WDAY) are down more than -3%, and Microsoft (MSFT) is down more than -2%.

Navan (NAVN) is up more than +12% after raising its full-year revenue forecast to $907 million-$913 million from a previous estimate of $866 million-$874 million, well above the consensus of $871.7 million.

Voyager Technologies (VOYG) is up more than +11% after BTIG initiated coverage on the stock with a buy recommendation and a price target of $55.

Allegion Plc (ALLE) is up more than +1% after Longbow Research upgraded the stock to buy from neutral with a price target of $165.

Eaton Corp Plc (ETN) is up more than +1% after agreeing to merge its mobility business with Dana Inc in a deal valuing the combined company at roughly $10 billion, including debt.

PDD Holdings (PDD) is down more than -2% after China’s State Administration for Market Regulation summoned the country’s leading e-commerce companies over misleading promotions and false advertising.

Earnings Reports(6/11/2026)

Adobe Inc (ADBE), Lennar Corp (LEN), RH (RH). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

Stocks Climb Before the Open on U.S.-Iran Peace Hopes, PPI Data in FocusNasdaq Futures Plunge as Tech Selloff Deepens, U.S. Inflation Data in FocusStocks Set to Extend Rebound Amid AI Dip-BuyingStock Index Futures Climb as Tech Stocks Rebound, U.S. Inflation Data and SpaceX IPO Awaited

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +0.20%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.53%.  June E-mini S&P futures (ESM26) are up +0.29%, and June E-mini Nasdaq futures (NQM26) are up +0.60%.

Stock indexes are moving higher today, as chipmakers and other AI-related stocks climb to lift the broader market and recover some of Wednesday’s sharp losses.  However, software stocks are on the defensive today, led by a -10% slump in Oracle after it reported higher-than-expected capital expenses, driven by increased data spending.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks are being undercut as crude oil prices erased early losses and whipsawed higher on concerns about the escalation of Middle East hostilities after President Trump said the US will be hitting Iran very hard tonight and will "at some point" take control of Kharg Island, Iran's key export hub, thus taking control of Iran's oil and gas markets.

Stocks were also pressured by today’s US economic reports, which showed that weekly US jobless claims unexpectedly rose to a 4-month high and that May producer prices were mixed.

Late Wednesday, President Trump said the US will continue bombing Iran if it refuses to agree to an interim peace deal.  Mr. Trump ordered multiple strikes on Iranian targets on Wednesday, and Iran retaliated by firing on US bases in Kuwait, Bahrain, and Jordan.  The increase in tensions risks derailing peace talks between Iran and the US, thus keeping the Strait of Hormuz closed, and further tightening global energy supplies.

US weekly initial unemployment claims unexpectedly rose +4,000 to a 4-month high of 229,000, showing a weaker labor market than expectations of a decline to 220,000.

US May PPI final demand rose +1.1% m/m and +6.5% y/y, stronger than expectations of +0.7% m/m and +6.4% y/y, with the +6.5% y/y gain being the largest year-on-year increase in 3.5 years.  However, May PI ex food and energy rose +0.4% m/m and +4.9% y/y, weaker than expectations of +0.5% m/m and +5.4% y/y.

WTI crude oil prices (CLN26) are extremely volatile, whipsawing higher and lower several times today.  Crude prices today initially gave up an overnight advance of more than +2% and fell more than -1% as concerns over the escalation of the US-Iran conflict eased after the US ended strikes against Iran.  However, prices then rallied more than +1% again when President Trump said the US would keep attacking Iran and threatened to seize the Kharg Island oil terminal, Iran’s main crude exporting hub.

The markets are discounting a 3% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.41%.  China's Shanghai Composite closed down -0.16%.  Japan's Nikkei Stock Average recovered from a 2.5-week low and closed up +0.06%.

Interest Rates

September 10-year T-notes (ZNU6) today are up +4 ticks, and the 10-year T-note yield is down -2.2 bp to 4.530%.  T-notes are moving higher today after US weekly jobless claims unexpectedly rose to a 4-month high and May producer prices ex-food and energy rose less than expected, dovish factors for Fed policy.

Gains in T-notes are limited after crude oil prices whipsawed higher after President Trump said the US will keep on attacking Iran and threatened to seize Kharg Island, Iran’s main crude exporting hub.  Also, supply pressures are negative for T-notes, as the Treasury will auction $22 billion of 30-year T-bonds later today.

European government bond yields are moving lower today.  The 10-year German Bund yield fell from a 2.5-week high of 3.091% and is down -2.8 bp to 3.048%.  The 10-year UK gilt yield is down -1.2 bp to 4.919%.

The ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth."

The ECB cut its 2026 Eurozone GDP estimate to +0.8% from a previous estimate of +0.9%, and raised its 2026 Eurozone inflation ex-food and energy forecast to +2.5% from a previous forecast of +2.3%.

Swaps are discounting a 70% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Chipmakers and AI-infrastructure stocks are moving higher today on signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  Intel (INTC) is up more than +8% to lead gainers in the S&P 500 and Nasdaq 100, and Applied Materials (AMAT) and Lam Research (LRCX) are up more than +6%.  Also, KLA Corp (KLAC) and Sandisk (SNDK) are up more than +4%, and ARM Holdings Plc (ARM), ASML Holding NV (ASML), and Marvell Technology (MRVL) are up more than +3%.  In addition, Advanced Micro Devices (AMD) and Microchip Technology (MCHP) are up more than +2%.

Software stocks are under pressure today, limiting gains in the overall market, with Oracle (ORCL) down more than -10% to lead losers in the S&P 500 after forecasting full-year capital spending of $70 billion, $20-25 billion higher than expected due to prepayment for some components.  Also, Atlassian Corp (TEAM) and ServiceNow (NOW) are down more than -3%.  Salesforce (CRM) is down more than -2% to lead losers in the Dow Jones Industrials.  In addition, Adobe Systems (ADBE) and Workday (WDAY) are down more than -2%, and Microsoft (MSFT), Intuit (INTU), and Autodesk (ADSK) are down more than -1%.

Navan (NAVN) is up more than +16% after raising its full-year revenue forecast to $907 million-$913 million from a previous estimate of $866 million-$874 million, well above the consensus of $871.7 million.

Voyager Technologies (VOYG) is up more than +10% after BTIG initiated coverage on the stock with a buy recommendation and a price target of $55.

Allegion Plc (ALLE) is up more than +2% after Longbow Research upgraded the stock to buy from neutral with a price target of $165.

Eaton Corp Plc (ETN) is up more than +1% after agreeing to merge its mobility business with Dana Inc in a deal valuing the combined company at roughly $10 billion, including debt.

PDD Holdings (PDD) is down more than -3% to lead losses in the Nasdaq 100 after China’s State Administration for Market Regulation summoned the country’s leading e-commerce companies over misleading promotions and false advertising.

Earnings Reports(6/11/2026)

Adobe Inc (ADBE), Lennar Corp (LEN), RH (RH). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

As the U.S. Dollar Stands Strong, Sell the Canadian Dollar HereStocks Climb Before the Open on U.S.-Iran Peace Hopes, PPI Data in FocusGrain Market Update: Are Corn, Wheat, and Soybeans Finally Carving Out a Summer Bottom?Forget the Fed: Why the Knicks Winning the NBA Finals Could Be the Biggest Downside Catalyst for the S&P 500

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

ASM International N.V. ASMIY has emerged as one of the key beneficiaries of the artificial intelligence (AI) boom, thanks to its leading position in advanced semiconductor manufacturing technologies. As chipmakers ramp up investments in next-generation logic and memory devices to support growing AI workloads, ASM International's solutions are increasingly becoming critical to the semiconductor production process.

The company specializes in Atomic Layer Deposition (ALD) and epitaxy technologies, which are essential for manufacturing advanced semiconductor devices. With an increasing demand for high-performance AI chips, ASM International appears well-positioned to capitalize on several long-term growth opportunities.

Semiconductor Manufacturing Picking Up Pace

The rapid adoption of AI applications across data centers, cloud infrastructure and enterprise computing continues to fuel investments in advanced semiconductor manufacturing. Leading foundries and integrated device manufacturers are expanding capacity to meet rising demand for AI accelerators and high-performance processors.

This trend has been a major growth catalyst for ASM International. The company continues to benefit from healthy investments by advanced logic and foundry customers, particularly those investing in leading-edge technologies used in AI applications. As AI adoption gains steam, capital expenditures within the semiconductor space are expected to remain healthy, creating a favorable demand environment for ASMIY's process equipment portfolio.

ASMIY Buoyed by Strength in the ALD Market

One of ASM International's biggest strengths is its leading market position in ALD technology. ALD enables chipmakers to deposit ultra-thin material layers with atomic-level precision, enabling semiconductors to drastically reduce their size.

As the industry moves toward more advanced process nodes, the need for ALD solutions is rising. The technology plays a crucial role in enabling superior device performance, lower power consumption and greater transistor density. Given its strong competitive position in ALD, ASM International remains well placed to benefit from increasing technology adoption across advanced semiconductor manufacturing.

Exposure to Advanced Memory Technologies Lends Support

High-performance memory solutions such as High-Bandwidth Memory (HBM) and next-generation DRAM are also gaining prominence. These memory technologies require increasingly sophisticated deposition processes and tighter manufacturing tolerances. ASM International's expertise in ALD and epitaxy positions it favorably to benefit from rising investments in advanced memory production. As memory manufacturers continue to expand capacity to support AI-related applications, the company envisions sustained demand for its equipment solutions.

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Price Performance

ASM International has surged 71.6% in the past year compared with the broader Zacks Computer and Technology sector's growth of 42.1%. It has underperformed peers like ASML Holding N.V. ASML and Applied Materials, Inc. AMAT. While ASML has gained 120.6%, AMAT jumped 184% over this period.

One-Year Price Performance of ASMIYZacks Investment Research

Image Source: Zacks Investment Research

Expansion Into Adjacent Growth Markets

Beyond its core deposition business, ASM International is taking rapid strides to expand into adjacent semiconductor equipment markets. The company has witnessed significant growth opportunities in advanced packaging, a rapidly growing segment driven by AI, chiplet architectures and heterogeneous integration.

ASMIY is also expanding its services and spares business, which provides a more recurring revenue stream and helps improve earnings visibility throughout semiconductor cycles. These initiatives should support revenue diversification and enhance long-term growth prospects.

Moving Forward

ASM International remains strategically positioned to benefit from some of the most powerful secular trends shaping the semiconductor industry. Strong exposure to AI-driven semiconductor spending, leadership in ALD technology and growing opportunities in advanced memory and packaging markets provide multiple avenues for future growth.

ASM International currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

With a favorable Zacks Rank and healthy growth dynamics, ASMIY appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock now.

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This article originally published on Zacks Investment Research (zacks.com).

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Elon Musk will attend an ASML event on Thursday to discuss his plans for the Terafab semiconductor factory.

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This article first appeared on GuruFocus.

Elon Musk is expected to put ASML's annual technology conference firmly on investors' radar on Thursday, as he appears virtually to discuss Terafab, his proposed semiconductor manufacturing venture aimed at supplying chips for Tesla (NASDAQ:TSLA) and SpaceX. ASML (NASDAQ:ASML) said Musk will share his vision for AI, robotics, space, and semiconductor manufacturing, giving investors another look at how his chip ambitions could move deeper into the global semiconductor supply chain.

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The key question is whether Terafab could become a serious future customer for ASML's lithography systems. ASML CEO Christophe Fouquet said last month that the company has held discussions with Musk about the project. That matters because ASML remains the dominant supplier of lithography tools used to make advanced semiconductors, and a Musk-backed manufacturing push could possibly bring another high-profile buyer into its ecosystem.

Musk has previously said SpaceX plans to work with Intel (NASDAQ:INTC) on Terafab, which is intended to produce chips for SpaceX and Tesla's Optimus humanoid robots. Earlier this year, he also outlined plans for an initial development facility in Texas focused on producing lithography masks, which would support rapid prototyping of logic and memory chips. ASML said Musk and his team are becoming part of the broader semiconductor ecosystem, with companies including ASML expected to collaborate on the initiative, while Musk added on June 6 that ASML is "arguably the greatest company in Europe" and should be "treasured and supported."

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Check out the companies making the biggest moves in premarket trading: Intel — The semiconductor company was double upgraded to buy from underperform at Bank of America, which cited the rising demand for central processing units amid the increasing focus on agentic artificial intelligence. Shares jumped nearly 5%. Oracle — Shares tumbled 8% after the software giant shared plans to raise an additional $20 billion in equity and debt to pay for its AI buildout. However, the company reported an overall beat on both the top and bottom lines and raised its adjusted profit forecast for the year. Chip equipment stocks — Oracle's higher capital expenditure spending plans sent chip equipment stocks higher. Applied Materials and Lam Research both climbed nearly 5%, while KLA rose 4% and ASML Holding added more than 3%. Navan — The stock popped 19% after the travel management platform guided for second-quarter and full-year revenue that came in above FactSet's forecasts. Navan also reported a first-quarter non-GAAP earnings and revenue beat. Alcoa — The aluminum company added 2% following its 9.5% drop in the prior session. Morgan Stanley said the pullback Wednesday, due to pressure in Alcoa's alumina business, was "overdone" and reiterated its buy rating on the stock. — CNBC's Lisa Kailai Han contributed reporting.