AMSTERDAM, Jan 10, 2026, 11:04 CET — Market closed
- ASML shares climbed almost 7% on Friday amid a rally in chip stocks across Europe and the U.S.
- HSBC raised its price target, and TSMC’s quarterly revenue surprise boosted hopes for chip demand.
- Upcoming catalysts: TSMC’s guidance drops Jan. 15, followed by ASML’s earnings on Jan. 28.
ASML Holding N.V. shares surged Friday, propelled by HSBC’s raised price target. The Dutch chip equipment giant led gains in Europe’s tech sector. Meanwhile, strong revenue from major client Taiwan Semiconductor Manufacturing Co helped boost confidence across chip stocks.
The move follows investor attempts to gauge if the recent spike in data centre and AI chip spending will carry over into 2026 tool orders. ASML’s equipment is crucial in advanced chipmaking — manufacturers can’t shrink feature sizes without its lithography tools. That makes the stock vulnerable to even minor changes in customer budgets.
ASML’s stock ended Friday’s U.S. session up 6.66%, settling at $1,273.88 after fluctuating between $1,220.99 and $1,282.00. Investors are gearing up for a string of sector events, beginning with TSMC’s guidance next week, followed by ASML’s earnings report later this month.
TSMC reported fourth-quarter revenue of T$1.046 trillion ($33.11 billion), up 20.45% year-on-year and surpassing an LSEG SmartEstimate. The chipmaker will provide updated guidance, including capital expenditure plans, when it reports earnings on Jan. 15.
ASML’s upcoming focus is on “net bookings” — the orders it secures — which can fluctuate each quarter based on customer timing. Investors are watching closely for demand in both memory chips and cutting-edge logic, especially how much stems from EUV (extreme ultraviolet) systems, the company’s top-tier technology. A consistent bookings figure would suggest Friday’s rally wasn’t just a brief bounce.
ASML signaled it will share further clarity on 2026 in January. “We do not expect 2026 total net sales to fall below 2025,” CEO Christophe Fouquet said alongside the third-quarter earnings report. More specifics on the 2026 outlook are due next month. ASML
The path ahead isn’t smooth, particularly in China. ASML warned that demand from Chinese customers will likely drop in 2026. Any export restrictions or a steeper cutback in AI investments would hit orders immediately, rather than margins down the line.
Friday’s high of $1,282 marks the first real hurdle for bulls when U.S. markets open again. The closest support sits near $1,221, while a drop toward the previous close around $1,194 could threaten the recent breakout.
ASML will report its Q4 and full-year 2025 results on Jan. 28. Investors are expected to focus on bookings and the company’s exposure to China during the call.
