ASML shares surge 5.37% intraday on J.P. Morgan's buy rating and TSMC's $52B 2026 capex plans.

ASML Holding surged 5.37% intraday, driven by a combination of analyst upgrades and strong demand signals. J.P. Morgan and KGI Securities reiterated "Buy" ratings, with the former setting a $1,518 price target and the latter upgrading to "Outperform" from "Hold." TSMC’s $52–$56 billion 2026 capital expenditure plans, a key catalyst for ASML’s EUV lithography orders, also boosted sentiment. Morgan Stanley’s bullish forecast of €46.8 billion in 2027 sales and a 57% EPS surge further reinforced optimism. While valuation concerns and geopolitical risks persist, the immediate upward momentum reflects confidence in ASML’s AI-driven growth trajectory and strategic client commitments.