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Stocks are climbing today after their first one percent down day in the prior session, and with the earning season firmly underway, we have a lot going on underneath the surface. To discuss stocks on the move and companies to watch, we have Bloomberg Equities reporter and deputy team leader Carmen Reinicky, Carmen, what is on your radar today?
Yeah, So let's take a look at some of the things that are driving this, you know, tech rebound today. The first one I'm looking at is Taiwan Semi So this is ticker TSM. ADRs are up about six and a half percent right now, which is an intra day high. After the company said it expects to spend as much as fifty six billion dollars in capex this year, and this is a lot more than analysts expected, and it really shows that they're feeling very confident in ai Boom
going forward. It also said that it expects revenue growth to be close to thirty percent in twenty twenty six, which is also a lot more than analysts recommended, so just very positive on the overall AI trend. It's also lifting ADRs of ASML, so this is a key supplier to Taiwan Semi. So these ADRs are up about six percent right now, which is also an intra day high, and it's boosted the market capitalization of ASML to more
than five hundred billion. I think this is interesting. So this is the third European company to ever hit this milestone, so you know, we're just seeing a lot of really good moves there on the AI theme.
There aren't that many European hardcore tech names either, so this is one of them. And when TSMC gets a big boost like it has, you see the effects immediately. By the way, tsm's adr csmcs ADRs tick R TSM up fifty six percent in twenty twenty five, up ninety two percent in twenty twenty four, up forty twenty twenty three, and so far this year it's up fifteen percent, So not a bad bet, all right, what's next?
Yeah, So the other one that I'm looking at, it's two stocks sort of on the same story. So Pinumbra, which is ticker Peen shares are up more than twelve percent right now, also to hit an intra day high after news that Boston Scientific agreed to buy the medical device maker in a deal valuing it at more than fourteen billion, and this is to expand Boston Scientific's portfolio
of cardiovascular treatments. So Boston Scientific shares, which is ticker BSX, are down about four point seven percent right now, which is the worst inter day drop in a little bit over a month. So pin number stockholders will be able to choose to either receive three hundred and seventy four dollars in cash or about four shares of Boston Scientific stock, according to a statement out today.
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