ASML Shares Surge on Major Deal and Positive CFO Comments

Semiconductor stocks Applied Materials, ASML Holding, and Taiwan Semiconductor Manufacturing Company surged on Wednesday due to positive news from China and Taiwan. Applied Materials received an upgrade from Barclays, citing increased orders from China and expected capital investment in the U.S. TSMC also benefited from a price target increase and potential price hikes on chip manufacturing contracts. Despite the gains, none of the stocks are considered cheap, with TSMC being the closest to a "buy" due to its growth rate.