ASML (ASML.AS) shares briefly surpassed the €1,000 ($1,084.30) mark for the first time on Monday, reaching an all-time high. This surge followed positive research notes about its top customer, TSMC (2330.TW), ahead of both companies’ earnings reports.
ASML, the leading global supplier of chipmaking equipment and Europe’s third most valuable company with a market capitalization of €390 billion, is benefiting from strong demand for AI and advanced chips by TSMC, the world’s largest contract chipmaker. Over the weekend, Morgan Stanley and JPMorgan issued optimistic notes about TSMC’s future prospects.
ASML shares first crossed the €1,000 threshold at 0706 GMT and were trading at €996.90 at 1358 GMT, up 0.4% for the day and 46% year-to-date.
In April, TSMC announced plans for $28-32 billion in capital spending this year. The company will report its June sales on July 10 and second-quarter earnings on July 18. ASML will release its second-quarter earnings on July 17.
ASML ranks third among European companies by market capitalization, following Novo Nordisk (NOVOb.CO) and LVMH (LVMH.PA).
