ASML stock reaches all-time high due to optimism about key customer TSM

From Seeking Alpha: 2024-07-08 11:45:27

Shares of ASML Holding hit a record high, exceeding $1000 and €1000, fueled by optimism around key customer Taiwan Semiconductor. ASML’s stock rose 7% on Nasdaq and 4% in Amsterdam. The CEO emphasized the need for older-generation computer chips, sparking concerns amid U.S.-China tensions. TSMC is expected to excel in Q2 earnings with bullish outlook on chip demand. ASML’s monopoly over EUV lithography tech positions it for growth in the semiconductor industry.



Read more at Seeking Alpha: ASML shares hit all-time high amid bullishness around TSM ahead of earnings (NASDAQ:ASML)