NEW YORK, Jan 10, 2026, 10:50 EST — Market closed.
- ASML’s shares on the U.S. market jumped 6.7% Friday, fueled by a wide surge across the semiconductor sector
- TSMC’s quarterly revenue exceeded expectations just before its Jan. 15 guidance update
- The upcoming key events are the U.S. CPI release on Jan. 13 and ASML’s earnings report on Jan. 28
ASML Holding NV (ASML.O) shares jumped 6.7% on Friday, closing at $1,273.88. The stock outpaced a flat broader market as investors braced for a busy slate of macro and chip-sector events.
This shift is significant as traders return to semiconductors, boosted by new demand signals from the supply chain. Interest-rate bets, meanwhile, hang on next week’s U.S. inflation figures.
The rally sharpens focus on chipmakers’ 2026 spending plans—and their timing. For ASML, this is crucial: its lifeblood comes from orders of lithography systems, the machines that print circuit patterns onto silicon.
Taiwan Semiconductor Manufacturing Co (2330.TW) posted fourth-quarter revenue up 20.45% year-on-year, surpassing estimates. The chipmaker said it will update guidance and capex plans during its Jan. 15 earnings call.
Chip stocks surged Friday, driving the Philadelphia SE Semiconductor Index (.SOX) up 2.7% to an all-time high. That rally helped lift the S&P 500 to a record close.
“When it comes to the broader AI trend, investors are zeroing in on specific names, separating winners from losers,” said Zachary Hill, head of portfolio management at Horizon Investments.
ASML’s gear is right at the heart of that trade. Its top-tier machines leverage extreme ultraviolet lithography, or EUV, to etch the tiniest details on cutting-edge chips — the very ones powering high-end processors and AI accelerators.
Macro factors remain in play. Friday’s weaker-than-expected U.S. jobs report barely moved the needle on bets that the Federal Reserve will hold rates steady at its Jan. 27-28 meeting, with wage growth staying strong.
Tuesday, Jan. 13 brings the U.S. consumer price inflation report for December, a key data point that frequently moves bond yields and shakes up the value of growth-driven chip stocks.
ASML investors have their sights set on Jan. 28, the date when the company will release its fourth-quarter and full-year 2025 results. The focus will be on order intake, or “bookings,” which signals new demand, along with any clues about how customers intend to spend going forward.
Lam Research (LRCX.O) surged 8.7% on Friday, boosted by Mizuho’s price target upgrade. It’s a sharp reminder of how quickly sentiment can shift on just one update or data release.
But this trade isn’t foolproof. Some parts of the AI supply chain look pricey, and a hotter-than-expected CPI reading or a cutback in chipmakers’ spending could slam the brakes on momentum fast. Tariff uncertainty in Washington adds another wild card that could shake things up.
Markets are off until Monday, leaving key dates on the horizon: Tuesday’s CPI report (Jan. 13), TSMC’s guidance and capex update due Jan. 15, and ASML’s earnings on Jan. 28. That last one will test whether the optimism from Friday holds up when the numbers come out.
