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ASML has tipped 2025 to be a year of ‘very significant’ growth

ASML Reclaims Title of Third-Biggest European Stock From Nestle

Bernstein upgrades stock in the latest bullish view from analysts

Tweet on ASML stocks fluctuation

Bloomberg chart

ASML Holding NV reclaimed the position of Europe’s third-biggest listed company from Nestle SA after its shares were boosted by an upgrade from Bernstein analysts optimistic about the Dutch chip-equipment firm’s outlook.

Shares of ASML rallied to a two-year high on Monday, valuing the company at about $306 billion, compared with packaged-food giant Nestle at $301 billion. Only Novo Nordisk A/S and LVMH are worth more in Europe.

ASML’s share-price gains are underpinned by hopes of a recovery in spending by chipmakers on high-end equipment, after the company forecast that 2025 will see “very significant” growth following a limited increase in revenue this year. Key customer Taiwan Semiconductor Manufacturing Co. has pledged to retain a high level of investment, reflecting strong demand for chips used in artificial intelligence applications.