ASML’s Mistral AI Stake Poised to Benefit from €20B Round, Stock Up 77%
ASML•ASML’s 11% stake in Mistral AI, secured via a €1.3 billion investment last year, could rise in value as Mistral negotiates a €3 billion funding round at a €20 billion valuation. Separately, ASML’s stock has climbed 77% year-to-date on widening technological moat after xLight failed to emerge as a viable competitor.
1. Mistral AI Funding Talks
ASML invested €1.3 billion for an 11% stake in Mistral AI during last year’s funding round. Mistral is now in early-stage discussions to raise approximately €3 billion at a €20 billion valuation, up from its previous €11.7 billion valuation, and terms could shift as investor demand evolves.
2. ASML’s Competitive Moat Widening
Approximately six months ago, xLight—backed by up to $150 million in CHIPS Act funding—was touted as a potential threat but failed to develop into a viable competitor. ASML’s leading EUV lithography technology and patent portfolio have reinforced its market dominance, driving the stock up 77% year-to-date.
