MILAN (Reuters) - ASML shares rose sharply in early Frankfurt trading on Wednesday following strong quarterly bookings.

The biggest supplier of computer chip-making equipment posted much better than expected fourth-quarter bookings of 7.08 billion euros, on strong demand for its most advanced tools.

The shares, which have been hit by the DeepSeek rout this week, were up 8.7% in Frankfurt.

"The strong Q4 booking and backlog will dispel some of the bearish concerns regarding 2025 itself, though concerns on the 2026 growth are likely to persist," Jefferies said in a note.