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ASML stock nears $2,000 on AI-driven chip demand and strong sales growth.

Market News
06 Oct 2026
24/7 Wall Street
View Source
Bullish
ASML stock nears $2,000 on AI-driven chip demand and strong sales growth.

ASML, the sole supplier of extreme ultraviolet lithography machines essential for advanced chip production, is approaching a $2,000 stock price driven by surging AI infrastructure spending. The company reported a 21.3% revenue increase to $10.65 billion and raised its full-year sales guidance, with strong order books and capacity expansions underway. However, high valuation multiples and risks like export controls and demand uncertainty pose challenges. Analysts remain bullish with an average target above $2,000, expecting continued earnings growth and pricing power to support the rally.

ASML stock trades at USD 1,845.00 on Pluang as of Oct 06, 2026 23:02 WIB, down 0.80% in the last day. The share price remains close to its 52-week high of USD 1.99K. Market participants show a 59% sell and 41% buy order split, reflecting mixed sentiment despite strong company fundamentals.

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