Semiconductor and memory stocks climbed in Wednesday's premarket trading after ASML Holding NV, Seagate Technology PLC, and Texas Instruments reported robust earnings.

ASML surged as much as 7.5%, hitting a record high, after the company's fourth-quarter order volume significantly exceeded analyst expectations, with the rapid build-out of artificial intelligence infrastructure substantially boosting demand for its advanced chip-making equipment.

Gaining U.S. peers included: Applied Materials, up 4.1%; Lam Research, up 4.4%; and KLA Corporation, up 3.1%.

Texas Instruments' shares rose 7.3% premarket, as the company's provided guidance was viewed as a positive signal, indicating an improvement in demand from its key end markets.

Related stocks: Microchip Technology rose 5.1%; onsemi gained 4.5%; NXP Semiconductors increased 3.0%; and Analog Devices advanced 2.9%.

In addition, Seagate Technology's stock climbed over 10% premarket after the computer hardware and storage company reported better-than-expected fiscal second-quarter results and issued an optimistic future outlook.

Other individual stocks: Micron Technology rose 5.2%; Western Digital jumped 8.5%.

The iShares Semiconductor ETF advanced 3%, following a 2.3% gain on Tuesday.

Other stocks rising premarket included: Intel, up 5.9%; NVIDIA, up 1.5%; and Advanced Micro Devices (AMD), up 2.1%.