ASML stock just hit another record after Bernstein’s upgrade puts AI memory spending in the spotlight
ASML shares hit a record high Monday after Bernstein upgraded the stock to “outperform” and raised its price target to 1,300 euros from 800. Bernstein cited underappreciated demand for DRAM chips used in AI servers. ASML’s U.S.-listed shares rose about 5%. The move fueled gains in other European semiconductor equipment stocks.