On June 25, ASML rose 5.08% in regular trading, trading at $1,823.36/share, with turnover of $5.08 billion.
On the news front, Micron Technology reported third fiscal quarter results that exceeded expectations, igniting a broad rally across the semiconductor sector. Concurrently, multiple institutions raised their target prices for ASML: Kepler Cheuvreux lifted its European-listed target from €1,460 to €1,830, Wells Fargo raised its US-listed target from $1,750 to $2,200, and Bank of America increased its European-listed target from €1,921 to €2,022. The collective bullish stance reinforced market confidence.
Additionally, earlier concerns triggered by the US Commerce Department questioning whether EUV lithography systems had reached China have eased, as ASML firmly denied the allegations, stating it has never delivered any EUV system to China. The broader Semiconductor Equipment sector rallied in tandem, with Applied Materials up 6.12%, Teradyne up 6.31%, KLA-Tencor up 4.50%, MKS Instruments up 4.87%, and Lam Research up 3.56%.
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