On July 27, ASML Holding NV rose 3.01% in pre-market trading, trading at approximately 1810.99 USD/share, with turnover of 5.6321 million USD. The move represents a technical rebound following a 3.01% decline on July 25 driven by profit-taking after strong earnings.
On the news front, UBS highlighted that ASML's demand visibility is exceptionally long-term, with the company planning to increase both Low-NA EUV and ArFi manufacturing capacity by 30% each during 2027-2028. The broader semiconductor equipment sector rallied in tandem, with Applied Materials up 3.96%, Lam Research up 3.71%, KLA-Tencor up 3.55%, Teradyne up 3.74%, and Amkor Technology up 3.69%, reflecting broad-based recovery sentiment.
The prior session's selloff was characterized as a classic buy-the-rumor-sell-the-news event, despite ASML raising its full-year sales guidance to EUR 43-45 billion and delivering strong Q2 results. Multiple investment banks subsequently raised price targets, including Bank of America to $2,845, Bernstein to EUR 2,500, and Citigroup to EUR 2,200, reinforcing bullish long-term outlooks.
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