ASML Holding NV (NASDAQ:ASML) surged to a new all-time high on Thursday, propelling the Dutch chipmaking equipment manufacturer’s market capitalization past the historic $500 billion milestone.
The rally further cements the Veldhoven-based company’s status as Europe’s most valuable firm, widening the gap between it and other regional heavyweights.
The sharp upside move was ignited by blockbuster earnings results from Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), the world’s largest contract chipmaker and a key ASML customer.
TSMC’s robust performance sparked a broad wave of buying across European semiconductor stocks, as investors bet that demand for advanced chip manufacturing equipment will remain resilient.
Shares of ASML climbed approximately 5% during the session, touching a record intraday high of 1,167 euros.
By 0858 GMT, the company’s market valuation stood at approximately 443 billion euros ($515 billion).
The move underscores the critical role ASML plays in the global technology supply chain, serving as the sole provider of the extreme ultraviolet lithography machines required to manufacture the world’s most advanced semiconductors.