ASML boosts 2025 forecast, launches $12B buyback, spurs chip equipment rally
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ASML Holding (NASDAQ:ASML) surged nearly 14% on Thursday as the chip equipment supplier said it would launch a $12B buyback and also raised its revenue forecast for 2025, spurring a rally in other semiconductor equipment stocks.

Ahead of the company's investor day tomorrow, ASML (ASML) said it now expects revenue to be between â¬30B and â¬40B, up from a previous outlook of â¬24B to â¬30B.
In a statement, ASML (ASML) acknowledged the ongoing global economic uncertainty, but added that longer-term demand and capacity would show "healthy growth."
Other chip equipment makers rose on Thursday, with KLA Corp (KLAC) gaining 5%, while Applied Materials (AMAT) and Lam Research (LRCX) rose more than 7%.
In addition, ASML (ASML) added that its share buyback program would be raised by â¬12B and last until 2025.
The company purchased approximately â¬1B under its current buyback program, which lasts between 2021 and 2023.
Earlier this month, ASML (ASML) declared its â¬1.37 per share interim dividend, payable to shareholders on November 14.