ASML Holding has breached the €600 billion market capitalization threshold, establishing itself as the largest listed company in Europe by market value.
The milestone reflects the sustained investor appetite for semiconductor equipment makers amid the global artificial intelligence infrastructure build-out.
ASML shares have more than doubled over the past 12 months, a rally that Bernstein analysts recently argued is far from over, reiterating an outperform rating on the stock.
The Dutch firm’s valuation surge has been driven by its monopoly on extreme ultraviolet (EUV) lithography systems, which are essential for manufacturing the most advanced logic chips.
ASML shares have more than doubled over the past 12 months, a rally that Bernstein analysts recently argued is far from over, reiterating an outperform rating on the stock.
This valuation shift marks a significant change in the European equity landscape, where financial and energy giants have traditionally dominated the top tier of market capitalization.
ASML’s ascent underscores the growing economic weight of the semiconductor supply chain in European markets.