ASML Hits $500B Valuation as TSMC Earnings Spark Chip Stock Rally

ASML Holding’s (ASML) market capitalization crossed $500 billion after shares rose more than 5% in Amsterdam, hitting a record €1,167 earlier in the session. The rally lifted the company’s market value to about €443 billion (roughly $515 billion). ASML’s U.S.-listed shares are also up by 5% in premarket trading. The rally followed strong earnings from its key customer TSMC (TSM), which helped spark a broad rally across European semiconductor stocks.

ASML makes advanced lithography machines that are essential for producing the latest chips, playing a key role in the global semiconductor supply chain.