ASML Stock Jumps 6.8% as AI Demand Fuels Strongest European Tech Quarter Since 2001
ASML•Chip-equipment maker ASML shares rallied 6.8% on June 30, contributing to STOXX 600’s 10% quarterly gain—the index’s best performance since October 2020. Technology stocks led European markets with a 2.5% jump driven by AI infrastructure demand and easing Middle East tensions.
1. STOXX 600’s Strongest Quarterly Rise Since 2020
The pan-European STOXX 600 index climbed 10% in Q2, marking its biggest quarterly gain since October 2020. Technology stocks led with a 2.5% rise, powered by robust demand for AI infrastructure and reduced risk perceptions due to easing Middle East tensions.
2. ASML’s 6.8% Share Surge
ASML shares jumped 6.8% on June 30, outpacing other chip-equipment makers as investors bet on the company’s position in supplying AI-related lithography systems. The rally reflects confidence in sustained capital spending on advanced semiconductor tools driven by generative AI applications.
