ASML hits record high on AI boost and analysts see further room to run

ASML hits record high on AI boost and analysts see further room to run

https://www.cnbc.com/2026/01/16/asml-record-high-ai-boom-tech-stocks.html

Publish Date: 2026-01-16 11:06:00

Source Domain: www.cnbc.com

Here are the key points from the article on ASML Holding NV’s performance and market position:

– ASML’s stock has hit record highs, reaching a valuation above €500 billion, primarily driven by Taiwanese chipmaker TSMC’s strong earnings report.
– ASML is the only supplier of complex photolithography machines crucial for manufacturing the most advanced artificial intelligence (AI) chips.
– The company’s shares have risen around 7% since TSMC’s earnings release and have rallied 25% in 2026 so far.
– Morgan Stanley predicts ASML’s stock could surge by 70% in the future, targeting a high of €2,000 per share if chipmaker spending continues to rise to meet AI demand.
– Analyst optimism is also bolstered by higher chip production capex expected in 2027 and stronger-than-expected demand from China.
– TSMC’s capex projections have outpaced prior expectations, indicating increased demand for ASML’s EUV and advanced deposition tools.
– The global AI technology sector, including companies supplying memory chips, has seen significant stock rallies as the demand for AI technology grows.
– ASML remains on course to report its fourth-quarter earnings on January 28, 2026.