ASML hits record high on AI boost — and analysts see plenty of room to run

Dutch semiconductor equipment company ASML

has held gains to hit record highs, following Taiwanese chipmaker TSMC’s

strong earnings report on Thursday.

ASML — Europe’s most valuable company and the world’s only supplier of the complex photolithography machines needed to manufacture the most advanced artificial intelligence chips — has seen shares rise around 7% since TSMC’s earnings were released.

The company became just the third European company to see its valuation tick above the half-trillion dollar mark on Thursday, seeing its market cap hit around 450 billion euros ($522 billion). ASML’s stock has rallied 25% so far in 2026.