ASML is trading at $1597.67 (+5.05%) after Goldman Sachs raised its price target to €1,600, citing the company's critical role in meeting surging AI chip demand.
- Goldman Sachs maintained its Buy rating, highlighting that ASML's exclusive lithography systems are essential for the production of high-end AI semiconductors.
- The rally marks a significant rebound from a -2.87% drop on May 12, with the stock outperforming the Nasdaq’s 1.38% rise as tech strength outweighs broader inflation and geopolitical concerns.