ASML Holding NV became Europe’s most valuable company ever after a 60% year-to-date advance fueled by a clamor for stocks with exposure to the buildout of artificial intelligence data centers.
ASML shares rose as much as 2.3% on Wednesday, giving the Dutch maker of chipmaking gear a market capitalization equivalent to $674 billion. That eclipsed the previous record set by Danish drugmaker Novo Nordisk A/S in June 2024, according to data compiled by Bloomberg.
ASML is this year’s second-best performer in the blue-chip Euro Stoxx 50 Index, yet it has underperformed a basket of semiconductor stocks that has nearly doubled.
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I am a little surprised it took this long, given how AI and then just semiconductors before it have driven tech stocks up so much the last few years. I have to wonder if it was because they couldnt build the machines fast enough to capitalize, since even with the Chinese market being limited, the U.S. has been building fab facilities as fast as possible.
Makes sense. You know what ASML does, right?
Yeah they build the super high-tech semiconductor engravor things that I can't remember the name of at the moment hahahaha! Their machines take up entire rooms/levels of the chip fabs and are built and operated inside clean rooms only adding an additional layer to the complexity.
That's it! And I think they're the only company making 2nm UV lithography machines. I remember seeing a while back that the Chinese tried to copy the machine and couldn't pull it off! Hahaha. But it's probably only a matter of time before they do.
Yep! China's issue is that they lack the pure carbon to make everything the machine needs. The lenses only come from a company in Germany, and even if China could make the machine, they lack the operator's technical expertise needed. The U.S. is also the only producer in the world that has this wild ultra pure carbon
AI!