ASML’s Biggest Gain Since 2020 Is Barely a Flicker on the Chart
- Chipmaking machine firm’s stock still lower than a week ago
- Concerns over demand into 2026 persist, Jefferies’ Menon says
Supercharged by an estimate-beating surge in order bookings, shares of ASML Holding NV are having their best day since March 2020. Yet look at a chart dating back that far and the leap is barely noticeable.
Wednesday’s gain of as much as 12% did little more than erase the losses of earlier in the week, when technology stocks were rattled by concern that a new artificial intelligence model by Chinese startup DeepSeek can provide comparable performance to Western chatbots at a fraction of the price.