ASML Holding NV is trading 5.1% up at $1821.91 following enthusiasm over Elon Musk’s planned Terafab semiconductor venture and the company's annual technology conference.
- Investors are betting that Musk’s large-scale custom chip fabrication ambitions, tied to AI and robotics demand, will drive significant long-term orders for ASML’s advanced lithography tools.
- The news adds to existing market optimism fueled by the company's strong recent earnings and a broader surge in global AI-related infrastructure spending.