ASML Rockets 4% as TSMC's Tool Hunger Nearly Doubles
GuruFocus·- ASML shares rose 4% to $1,711.115 following a nearly twofold increase in TSMC's equipment requirements amid a projected 2026 capital expenditure of $60 billion to $64 billion. - ASML reported second-quarter revenue of 9.33 billion and net income of 2.92 billion, projecting full-year sales between 43 billion and 45 billion. - The stock trades 36.66% above its GF Value estimate, reflecting high market expectations that face potential risks from supplier bottlenecks and installation delays.US Stock Preview: Lululemon Tumbles Over 20% Pre-Market; Semiconductor Sector Rallies; Nonfarm Payrolls Data in Focus
US Market Preview·- U.S. stock index futures diverged ahead of the market opening while investors awaited the crucial August non-farm payrolls report. - Driven by surging AI demand and Taiwan semiconductor capacity expansion, the semiconductor sector strengthened collectively in pre-market trading. - Meanwhile, Lululemon plunged over 20 % following disappointing second-quarter earnings, and Tesla dropped nearly 3 % amid regulatory scrutiny and declining European sales.