ASML sold out through 2028 but stock dips 2%; TL20 index up 57% YTD
TiernanRayTech · x · 2026-10-15
The Technology Letter's eighth TL20 rebalancing continues tracking a broad semiconductor renaissance, swapping seven names in and out, alongside a new TL20 Special Situations index.
Key stock moves:
- ASML: September-quarter revenue of €11.7B slightly missed the €11.74B consensus, but guidance for the current quarter is €0.5B (4%) above expectations and full-year outlook was raised. Management says capacity is sold out through 2028, with customers asking to place orders for 2029 and even 2030. Despite strong results, shares fell 2% to $1,675 alongside other AI-linked names.
- TL20 is up 57% year to date, beating the Nasdaq's 16% and the S&P 500's 13%; TL20 SS is down 6% since its October 7 inception.
- Apple: shares up 8% since the September 9 launch of iPhone 18 and its first foldable, the "Duo".
Related event: TL20 Portfolio Rebases on Semiconductor Revival, Up 57% This Year(2 posts)→
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