ASML becomes Europe's most valuable company ever as analysts bet on higher EUV output — its market cap hit $674 billion this week
ASML has become the most valuable company in European history, surpassing Novo Nordisk with a market capitalization of $674 billion. This surge is driven by analyst upgrades, particularly from JPMorgan and Morgan Stanley, who predict ASML can significantly increase its output of crucial EUV lithography machines. These machines are essential for producing advanced chips used in AI development, making ASML a critical bottleneck in the semiconductor supply chain. AI
IMPACT ASML's increased EUV output capacity is critical for scaling AI model training and inference by enabling more advanced chip production.