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ASML Hits Record High on AI Demand Boost, Analysts See 70% Surge Potential
ByAinvest
Friday, Jan 16, 2026 11:11 am ET1min read
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ASML, Europe's most valuable company, has hit record highs after Taiwanese chipmaker TSMC's strong earnings report. Shares have risen 7% and the market cap has reached 450 billion euros ($522 billion). Analysts see room for further growth, with Morgan Stanley predicting a 70% surge to 2,000 euros. The strong performance is attributed to the growing demand for AI chips and increased capex from chipmakers.
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