ASML Holding NV is trading 3.4% up at $1793.51 following reports that Elon Musk will discuss his proposed Terafab semiconductor venture at the company’s annual technology conference.
- Musk is expected to detail plans for Terafab, a venture aimed at supplying custom chips for Tesla, which underscores ASML’s indispensable role in advanced chip manufacturing.
- The announcement has sparked renewed enthusiasm across the AI and semiconductor equipment sectors, providing a boost to the stock despite recent market volatility.