ASML strength today has me thinking about chip sector resilience
Watching $ASML up over 2% today, currently at 1883.12, after a bit of a mixed open, has me thinking about the underlying strength in the semiconductor equipment space. Given the broader macro headwinds and the ongoing debate about rate cuts, you'd expect a bit more volatility, but these numbers feel pretty robust. It's making me wonder if the market is already pricing in a decent H2 recovery for demand, or if this is just a sector-specific insulation from broader economic concerns, driven by AI buildout. Definitely keeping a closer eye on the whole chip supply chain these next few weeks. Curious what others are seeing.
It's interesting how ASML seems to be shrugging off some of the wider economic concerns. Do you think it's mostly due to their essential role in chip manufacturing, making them a more inelastic demand, or are there other factors at play?