ASML stock jumps on HSBC target lift, TSMC revenue beat; next test is Jan 28 earnings
ASML shares jumped 6.66% to $1,273.88 Friday after HSBC raised its price target and TSMC reported stronger-than-expected revenue. The move led a rally in chip stocks across Europe and the U.S. Investors await TSMC’s guidance on Jan. 15 and ASML’s earnings on Jan. 28. ASML warned of weaker demand from China in 2026.