ASML is trading 3.1% up at $1,597.74 as investors react to stronger chip-equipment demand and a firmer outlook from management.

  • The stock continues to build on its May 20 momentum, when it closed at $1,550.13 after a 6.21% jump.
  • Gains are driven by company-specific optimism regarding AI-driven semiconductor spending, which has helped ASML outperform broader market weakness and geopolitical noise.