Amsterdam, Jan 17, 2026, 16:37 CET — The market has closed.
ASML Holding shares closed Friday at 1,167.20 euros on Euronext Amsterdam, rising 1.55% for the session. The chip-equipment giant had surged 6.01% the day before.
The rally picked up speed after Taiwan Semiconductor Manufacturing Co boosted its 2026 capital spending forecast to $52 billion-$56 billion, well above analysts’ $46 billion estimate. Investors saw this as a clear sign of stronger chip-tool demand. ASML’s market cap surged past $500 billion on Thursday. Michael Roeg of Degroof Petercam called the plan “great for equipment vendors in 2026” and predicted it will trigger estimate upgrades. Despite ASML signaling only modest growth in 2026, Aureus chief investment officer Han Dieperink commented, “The market has underestimated again how large is the demand for AI.” Reuters
ASML’s extreme ultraviolet (EUV) lithography machines print the tiniest details on chips. Traders often look at net bookings—orders confirmed within the quarter—as an early read on whether customers are actually investing in new fabs or merely discussing plans.
In the U.S., a fresh trade agreement with Taiwan highlighted Washington’s drive to bring more chip manufacturing back home, boosting prospects for chipmaking equipment demand down the line. Following the news, shares and depositary receipts of ASML, Lam Research, and Applied Materials climbed roughly 4% to 6%.
U.S. chip stocks pushed higher on Friday, with the Philadelphia SE Semiconductor index (.SOX) rising 1.2%. This came despite Wall Street’s major indexes finishing mostly flat ahead of the holiday weekend.
ASML’s U.S.-listed ADR ended Friday at $1,358.57, gaining 2.03%, before ticking down 0.07% in after-hours trading, per Stock Analysis data.
Details in TSMC’s capex plan remain crucial. Bernstein analyst David Dai highlighted that the pivot to advanced logic nodes will likely push spending toward lithography. He suggested that increased N3 spending favors ASML, projecting a roughly 27% jump in ASML’s revenue from TSMC year over year under the new setup. Dai maintained his “Outperform” rating and €1,300 price target. He also cautioned that some near-term investment might focus more on constructing new cleanrooms—essentially space for tools—before actual equipment purchases kick in. Investing.com
ASML’s rapid gains leave little margin for error. A hiccup in tool deliveries, a slowdown in client purchases, or stricter export controls could dent orders and keep the stock swinging.
ASML is set to release its fourth-quarter and full-year results on Jan. 28, with the report dropping at 07:00 CET. CEO Christophe Fouquet and CFO Roger Dassen will hold a press conference at 11:00 CET, followed by an investor call at 15:00 CET.
