ASML shares surge to all-time high, market cap tops $500B
Photo: Bloomberg
Shares of ASML surged to a new all-time high on Thursday, pushing the Dutch chipmaking equipment giant’s market capitalization past the $500 billion mark and solidifying its position as Europe’s most valuable company.
The rally was driven by Taiwan Semiconductor Manufacturing Company’s (TSMC) blockbuster results, which triggered a broader surge across European semiconductor stocks, News.Az reports, citing Reuters.
ASML shares rose around 5%, reaching a record €1,167 earlier in the session.
As of 08:58 GMT, the company’s market value stood at approximately €443 billion ($515 billion).
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