ASML Holding NV (NASDAQ:ASML) surged 5% during intraday trading on Wednesday, outperforming the broader semiconductor sector. The stock's rally aligns with a strengthening fundamental profile, as highlighted by a recent rise in its quality score to 90.18, up from 89.87 the previous week.

The Dutch semiconductor giant, a key supplier to Nvidia and Intel, is benefiting from escalating demand for its extreme ultraviolet (EUV) lithography tools, which are critical for advanced AI chip production. Analysts, including those at Goldman Sachs, project ASML's revenue could more than double by 2030 due to its monopoly on EUV technology. The company is also expanding its presence in key markets like South Korea and China, further solidifying its position as a linchpin of the AI boom.