ASML Rallies in Tech Surge while Down 14% Despite EUV Monopoly
ASML shares gained solidly today as semiconductor sector led Nasdaq higher with peers like Marvell Technology rising 8.2% and ARM up 4.6%. The stock is down over 14% this month despite ASML’s exclusive EUV lithography technology and no viable rival until at least 2028.
1. Tech-Driven Market Rally Boosts ASML
Shares jumped following a broad semiconductor rally that saw the Nasdaq gain 2.1%, with ASML trading higher alongside peers such as Marvell Technology (+8.2%), ARM (+4.6%) and Lam Research (+3.4%).
2. EUV Monopoly and Monthly Stock Decline
Despite holding an industry-leading position in extreme ultraviolet lithography equipment, ASML’s share price has declined over 14% this month as investors reassess stretched valuations and await the arrival of any Chinese competitor prototypes, not expected before 2028.
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