ASML stock rallied after the semiconductor supplier beat fourth-quarter expectations. Here’s what you need to know.

ASML Holding (NASDAQ:ASML) is rocketing higher on strong earnings. Up about $38 a share, the Dutch semiconductor giant reported a substantial jump in fourth quarter net bookings, which tells us demand for its chipmaking tools is still strong.

KEY TAKEAWAYS ASML Holding shares are surging 7% in premarket trading Wednesday after the Dutch semiconductor-gear manufacturer reported better-than-expected fourth-quarter results.ASML's fourth-quarter net bookings of 7.

Shares of the semiconductor equipment company ASML (NASDAQ: ASML) popped today after the company released its fourth-quarter results (ending Dec. 31) that outpaced Wall Street's expectations. ASML's revenue and earnings were both ahead of analysts' consensus estimates,