ASML Shares Jump Over 5% After 140% Yearly Rally, Bernstein Bullish
ASML•Shares of ASML jumped over 5% today after Bernstein maintained a buy rating, highlighting the stock’s nearly 140% gain over the past year. The analyst pointed to sustained semiconductor equipment orders and ASML’s leading EUV lithography technology as drivers for further upside.
1. Stock Rally Driven by Analyst Reaffirmation
ASML shares surged more than 5% on July 6 after Bernstein retained its buy rating on the stock, underscoring confidence in continued appreciation despite the machine’s substantial run over the past year.
2. Nearly 140% Gain Over Past 12 Months
Over the last year, ASML’s share price has climbed close to 140%, reflecting robust demand for advanced semiconductor fabrication tools and investor enthusiasm around chip industry capital expenditure cycles.
3. EUV Demand and Backlog Support Outlook
Bernstein highlighted ASML’s dominant position in extreme ultraviolet lithography systems and cited a healthy order backlog, driven by major chipmakers’ investments, as a key catalyst for sustained revenue growth.
