ASML stock rose approximately 4.5% on June 25. This gain mirrored a widespread rally among European semiconductor manufacturers.
U.S. memory-chip maker Micron triggered the surge with a strong quarterly report. The company also issued an optimistic forecast that boosted investor confidence across the sector.
Major Wall Street banks recently raised price targets for ASML. Analysts cited a robust order book and sustained demand for artificial intelligence.
ASML will reportedly join a Dutch trade delegation to China in July. This visit occurs amid ongoing geopolitical tensions regarding semiconductor export controls.