🔴 ASML Holding N.V. is trading 2.5% down despite analyst upgrades, pressured by sector-wide sell-off

ASML Holding N.V. is trading 2.5% down at $1442.80, caught in a broader market pullback despite positive company-specific news.

• The stock fell amid a sector-wide rotation out of AI and semiconductor stocks, triggered by Broadcom’s disappointing AI chip forecast which sparked profit-taking across the industry.
• Despite the sell-off, both BofA Securities and Barclays raised their price targets for ASML on June 4, citing strong long-term demand visibility for its equipment.
• Heightened risk aversion tied to escalating U.S.–Iran tensions further contributed to the negative sentiment surrounding high-growth technology stocks.