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ASML Holding NV (ASML) stock gained over 5% by mid-morning on Monday, and retail traders on Stocktwits expressed optimism about the company’s prospects, driven by increasing demand for artificial intelligence computing.
On Friday, the company received a bullish upgrade from Arete, which upgraded the stock from ‘Neutral’ to ‘Buy’, as per TheFly. The firm also set a new price target of €879 ($1033), reflecting confidence in ASML’s growth trajectory amid rising global demand for advanced chipmaking tools.
At the time of writing, the stock was trending at number seven on Stocktwits. Retail traders commended the company, with one bullish user saying nothing moves in the AI world without this company.
Another user said there is generational wealth to be made with this stock
Retail sentiment around the stock remained in ‘bullish’ territory amid ‘high’ message volume levels. Arete’s upgrade attains importance as it marks the first time since 2018 that the firm has rated ASML a ‘Buy.’
It expects ASML to benefit from substantial capital expenditure plans by customer, Taiwan Semiconductor Manufacturing Co. (TSM), whose spending could exceed $50 billion in both 2026 and 2027 due to surging demand for artificial intelligence infrastructure.
According to a report by WirtschaftsWoche, ASML has overtaken German software giant SAP SE (SAP) to become the most valuable publicly traded company in Europe.
On September 9, the company invested €1.7 billion (about $1.8 billion) in the AI startup, Mistral AI. ASML stock has gained 24% year-to-date and 7% in the last 12 months.
Exchange Rate: 1€=1.18USD
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