ASML Hits Record High on AI Demand Boost, Analysts See 70% Surge Potential

Friday, Jan 16, 2026 11:11 am ET1min read
ASML--
TSM--

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.

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet