ASML Shares Rally on Analyst Upgrade and AI Spending Optimism
ASML Holding NV surged 6.6% on Monday after a rare upgrade from Arete Research, marking the firm's first bullish call on the semiconductor equipment Maker in seven years. The Amsterdam-based company now carries a 879 euro price target, reflecting confidence in its exposure to the AI-driven chip boom.
Arete's analysis points to accelerating capital expenditures from key clients like TSMC, projected to reach $50 billion annually by 2026-2027. This bullish outlook overshadows earlier concerns about potential 2026 growth constraints, with AI-related investments now exceeding initial expectations.