ASML Tops $674 Billion to Become Europe’s Most Valuable Company Ever
ASML became Europe’s most valuable company ever, with its market capitalization crossing $674 billion after a 60% year-to-date advance. The rally has been fueled by investor demand for stocks with exposure to the buildout of AI data centers.
The milestone surpassed the roughly $650 billion record set by Novo Nordisk in 2024. Separately, JPMorgan raised its price target on ASML to $2,200 from $1,813 and kept an overweight rating, saying customer orders looked strong and that the previously guided capacity of 90 extreme ultraviolet tools may not be a ceiling because volumes can expand without building new clean rooms.
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@stockmktnewzJPMorgan today raised its price target on $ASML to $2,200 up from $1,813 while maintaining its Overweight rating
@businessASML became Europe’s most valuable company ever after a 60% year-to-date advance fueled by a clamor for stocks with exposure to the buildout of AI data centers
@stockmktnewz$ASML just crossed over a $674 Billion market cap which is higher than any other European 🇪🇺 company has ever reached The previous record of ~$650B was set by Novo Nordisk back in 2024 - Bloomberg