AMSTERDAM, June 6, 2026, 19:06 CEST
ASML Holding NV starts the week with its record rally pulled back, but not wiped out. A chip selloff on Friday hit AI stocks in Europe and the U.S. ASML’s Amsterdam shares finished Friday at 1,462.20 euros, losing 2.39%. Its U.S. shares fell 6.59% to $1,641.74, according to ASML’s June 5 factsheet.
ASML is a key player in the artificial-intelligence chip supply chain. The Dutch company makes lithography systems, which print patterns onto chip circuits, and also offers software and services that chipmakers use to mass-produce microchips.
ASML shares on Euronext finished this week up 5.57%, according to TradingView. The stock got to a record 1,499.00 euros on June 4. So momentum is still there, but Monday’s trade faces a test after the first real jolt in a while.
Chip stocks took a sharp hit after Broadcom’s guidance missed the mark for custom AI chips. The PHLX Semiconductor Index slid 10.3%—its biggest fall since March 2020. U.S.-listed chipmakers lost roughly $1.3 trillion in market cap on Friday. “Blindly buying the dip had been winning you money, but that ended today,” Dennis Dick of Triple D Trading said to Reuters. Wells Fargo’s Ohsung Kwon called the group “way overbought.” Reuters
European stocks dropped Friday, with the STOXX 600 down 0.3% and off 0.5% for the week. Tech stocks fell 2.9%, ending a run that had seen about a 30% jump over two months. Barron’s reported the AEX shed 0.4%, ASM International slipped 4.1% and BE Semiconductor dropped 3%.
Company headlines are moving the other way. ASML reported first-quarter net sales of 8.8 billion euros and net income of 2.8 billion euros in April, while it bumped up its 2026 sales forecast to 36 billion-40 billion euros. CEO Christophe Fouquet said, “Demand for chips is outpacing supply,” pointing to AI infrastructure spend and faster plans from customers. ASML
Customer demand for advanced gear is holding up. SK Hynix said in March it plans to buy 11.95 trillion won, or $7.97 billion, worth of ASML extreme ultraviolet lithography tools by the end of 2027; EUV tech is needed for top-edge chips. Ryu Young-ho, senior analyst at NH Investment & Securities, said the machines would be “used for both HBM and advanced DRAM,” products tied to AI servers. Reuters
But there are problems with the bull case. Reuters said in April that a proposed U.S. law might bring tougher controls on ASML’s deep ultraviolet (DUV) immersion tools if the U.S. and Netherlands go ahead with new China curbs. These DUV machines are older-tech but still important for a lot of chips. ASML had put China at 20% of its 2026 sales, and JPMorgan’s Sandeep Deshpande said tougher rules could cut earnings per share by as much as 10%.
This week, traders are saying it’s not about just one ASML headline, but the broader action on the tape. The market will be watching for any signs that last week’s Broadcom-driven selloff broadens, and whether worries about rates in the U.S. and Europe keep weighing on expensive growth stocks. Export-control talk is also on watch. “A bit of pause is warranted!” Carol Schleif, chief market strategist at BMO Private Wealth, told Reuters after Friday’s selloff Reuters.
ASML’s next results are set for July 15, so the shares will likely track macro moves, sector flows, and China headlines until then. It’s a mixed picture right now. Orders still look tight, with scarcity in focus. But the market just showed that even hard-to-find chips can drop when too many pile into AI stocks.
