The Federal Reserve's hawkish stance on raising interest rates is expected to hurt stocks even further. What's more, the investment bank's analysts point out that the average bull market lasts 64 months and fetches a return of 198%. Investors that agree with these analysts would be wise to start setting up their portfolios for long-term gains and buy fast-growing companies with bright prospects on the cheap while the stock market is still down.
Samsung Electronics Vice Chairman Jay Y. Lee met with ASML Holding NV CEO Peter Wennink on Tuesday to discuss cooperating over the adoption of high-end chip equipment, Samsung said on Wednesday. A company statement said Lee and executives from the Dutch multinational held wide-ranging discussions on the smooth supply of extreme ultraviolet (EUV) lithography equipment, "essential for implementing minute processes for next-generation semiconductor production." ASML's EUV machines are key to advanced chipmaking and cost up to $160 million each, and the limited number produced has created a bottleneck for chipmakers like Samsung, TSMC and Intel which have plans to spend more than $100 billion in coming years to build semiconductor plants.
ASML (ASML) closed the most recent trading day at $567.44, moving -1.66% from the previous trading session.