ASML stock rallied 24.3% in June 2026. Broad semiconductor industry optimism drove the surge rather than specific company announcements.
The artificial intelligence boom increased investment expectations for wafer front-end (WFE) equipment. Elon Musk endorsed ASML as arguably the greatest company in Europe in early June.
Musk’s SpaceX Terafab semiconductor initiative expects to rely on ASML’s advanced EUV equipment. Micron, Samsung, and SK Hynix also announced massive increases in capital expenditure. These spending plans signal strong future demand for ASML technology.