ASML Holding NV (ASML) saw its stock price surge by 6.87% during intraday trading on Friday, outperforming many peers in the semiconductor sector. The rally was part of a broader uptick in semiconductor stocks, driven by positive momentum in Asian tech markets.
The gains were fueled by Samsung Electronics' CEO expressing optimism about high-bandwidth memory chips, which lifted investor confidence across the semiconductor industry. ASML, a key player in semiconductor equipment, benefited from this sector-wide optimism, mirroring the upward trend seen in other chip-related stocks.