On July 9, ASML rose 3.02% in pre-market trading, trading at $1822.66/share, with turnover of $92.99 million. The rebound comes after the stock declined approximately 4-5% on July 7 amid a global semiconductor selloff triggered by Samsung Electronics' sell-the-news reaction.

On the news front, JPMorgan issued a bullish research note ahead of ASML's July 15 earnings release, raising its target price to $2200 and maintaining an Overweight rating. While JPMorgan's Q2 estimates trail consensus, the bank emphasized that short-term results are not the real test — the key catalyst will be the outlook for fiscal years ending in the following periods. JPMorgan projects EPS of €54.4 and €64.4 for the next two fiscal years, approximately 26.5% and 23.8% above current market consensus, respectively.

The broader semiconductor equipment sector is rallying strongly, with Applied Materials up 9.01%, Lam Research up 7.24%, Teradyne up 7.13%, KLA-Tencor up 6.73%, and Entegris up 5.42%. Multiple tailwinds remain intact, including SK Hynix's 11.9 trillion KRW EUV equipment procurement plan and ASML's recently raised full-year revenue guidance confirming sustained AI-driven demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)