ASML Holding shares climbed 8.7% following Elon Musk’s virtual appearance at a company technology conference. Musk discussed Terafab, a joint SpaceX and Tesla venture to establish a cutting-edge semiconductor factory.
The Terafab initiative focuses on producing chips for artificial intelligence, robotics, and space-based data centers. ASML management characterized the project as a serious endeavor.
ASML recently raised its 2026 revenue guidance to a range of €36 billion to €40 billion.
The stock's gain occurred while the NASDAQ Composite declined by more than 2%. This performance underscores investor confidence in ASML’s role within the expanding AI infrastructure market.