ASML Holding Soars as AI Chip Bets Intensify

ASML Holding ( (ASML) ) has risen by 10.90%. Read on to learn why.

ASML Holding’s shares climbed 10.90% over the past week as investors focused on its dominant role in the semiconductor supply chain and its leverage to the artificial intelligence boom. The Dutch lithography specialist beat expectations in the first quarter, raised its longer-term 2026 revenue outlook, and continues to see demand for its extreme ultraviolet (EUV) tools outstrip supply. Analysts also highlighted ASML’s strong position in Europe, its growing capacity for advanced chipmaking, and its exposure to recovering memory markets and North American chip investments.

The market largely looked past a softer Q2 revenue outlook and near-term volatility, viewing them as normal in a business built around multi-hundred-million-dollar machines tied to long, lumpy capex cycles. Instead, investors zeroed in on ASML’s EUV monopoly, the ramp-up of its High-NA EUV systems, and the growing contribution from its higher-margin services business, which together provide more earnings visibility through 2027. Concerns about weaker sales to China and the high price tag of High-NA tools were tempered by robust demand from other regions, including South Korea, the U.S., and Japan.

Bullish analyst commentary added fuel to the rally. UBS raised its price target to €1,900 while reiterating a Buy rating, and other firms such as Barclays maintained Strong Buy calls with double-digit upside targets, arguing that ASML’s near-monopoly in advanced lithography, its central role in AI chip production, and its resilient services revenue justify a premium valuation. With the stock already up strongly year-to-date and now gaining another 10.90% this week, traders are betting that ASML remains one of the clearest long-term winners from the global race to build more powerful and efficient chips.