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Morgan Stanley Upgrades ASML on AI-Driven Semiconductor Boom
Morgan Stanley Upgrades ASML on AI-Driven Semiconductor Boom
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BTCCSquare news:
Morgan Stanley elevated ASML Holding NV to 'Overweight' with a €950 price target, anticipating 20% upside as AI fuels semiconductor demand. The Dutch lithography giant's shares surged 3.7% post-upgrade, cementing its position as Europe's most valuable public company at €322 billion valuation.
Analysts Nigel van Putten and Lee Simpson highlighted structural tailwinds beyond cyclical recovery. ASML's year-to-date rally of 33% outperforms SAP SE and LVMH, reflecting unprecedented demand for advanced chipmaking equipment powering AI infrastructure.
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