ASML Holding NV (ASML) shares surged 5.02% in Monday's intraday trading, riding the wave of a broader semiconductor sector rally. The Dutch chip equipment maker's stock climbed alongside other major players in the industry, reflecting renewed investor optimism in the tech sector.

The surge comes as part of a larger trend, with several chip stocks posting significant gains. The Philadelphia Semiconductor Index (SOX) saw a substantial increase, with companies like Broadcom, TSMC, and Nvidia all experiencing notable upticks. ASML's rise aligns with this sector-wide momentum, underlining the current positive sentiment towards semiconductor stocks.

Adding to the bullish sentiment, investors are eagerly anticipating ASML's third-quarter earnings report, scheduled for release on October 15. Analysts are expecting strong results, which may be contributing to the stock's upward movement. The upcoming earnings report is seen as a crucial indicator of the company's performance and future outlook in the competitive semiconductor equipment market.

As ASML continues to play a pivotal role in the semiconductor industry, particularly in advanced lithography systems crucial for AI chip production, its stock performance remains a key barometer for the sector's health. The company's upcoming financial results will be closely watched for insights into the broader chip industry trends and demand patterns.