ASML Holding N.V. shares rose sharply on June 25. Strong results and a positive outlook from memory chipmaker Micron boosted sentiment across the semiconductor sector.
Bank of America and other Wall Street firms recently raised price targets for ASML. These analysts cited robust demand driven by artificial intelligence.
The Dutch government is actively lobbying Washington to prevent expanded export controls on semiconductor equipment to China. This move reduces investor concerns regarding potential restrictions on ASML’s sales to a key market.