Posted 1/25/2024, 4:04:05 PM
ASML Shares Surge to Record Highs, Making It Europe's 3rd Largest Company by Value
- ASML Holding shares hit fresh record highs, market cap tops $350 billion
- Dutch company is Europe's 3rd largest by market value, overtaking Nestle
- Seen as beneficiary of AI boom, reported growing order backlog signaling chip market recovery
- Surge extends 10% rally after "blowout" order intake prompted analyst price target raise
- Shares up 4.6% on the day, 19% year-to-date, making ASML top performing European stock