ASML Holding shares rose 3.5% following optimistic growth projections from CEO Christophe Fouquet. Fouquet described current demand for artificial intelligence infrastructure as enormous.
The CEO identified Elon Musk’s proposed Terafab project as a significant opportunity for ASML’s extreme ultraviolet (EUV) lithography systems. ASML remains the sole global supplier of these advanced chipmaking machines.
Recent reports suggest ASML may expand EUV production capacity beyond previous estimates to drive future revenue. Analysts maintain a consensus Moderate Buy rating on the stock.