{"id":28515,"date":"2026-07-02T20:12:07","date_gmt":"2026-07-02T20:12:07","guid":{"rendered":"https:\/\/www.europesays.com\/netherlands\/28515\/"},"modified":"2026-07-02T20:12:07","modified_gmt":"2026-07-02T20:12:07","slug":"why-asml-holdings-rallied-in-june-3","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/netherlands\/28515\/","title":{"rendered":"Why ASML Holdings Rallied in June"},"content":{"rendered":"\n

Shares of semiconductor equipment giant ASML Holdings (NASDAQ: ASML) rallied 24.3% in June, according to data from S&P Global Market Intelligence<\/a>. <\/p>\n

ASML didn’t report any financial news during the month; however, there were numerous positive news items on ASML and semiconductor investment generally. Elon Musk visited the company’s headquarters around the same time as Space Exploration Technologies’ (NASDAQ: SPCX) initial public offering, as SpaceX has ambitions to become its own chipmaker. <\/p>\n

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Additionally, positive news and earnings reports from the memory sector increased expectations for memory production investment, with several Wall Street analysts increasing their expectations for wafer front-end (WFE) equipment investment amid the AI boom. <\/p>\n

Musk gives ASML the thumb’s-up <\/p>\n

The month of June was dominated by the IPO<\/a> of SpaceX, which proved to be a boon for many of SpaceX’s vendors. It also proved a boon for many semiconductor equipment stocks, as the $86 billion or so raised from new shareholders could provide ample initial capital for Musk’s Terafab project. Musk envisions Terfab as a massive semiconductor manufacturing entity co-owned by SpaceX and Tesla (NASDAQ: TSLA) to serve both companies’ large future ambitions. <\/p>\n

In mid-June, Musk spoke at ASML’s technology conference, seemingly validating the Terafab vision as a real and viable project, not just a wish. Capacity for semiconductor equipment could become tight in the years to come, so Musk made sure to shower praise on ASML on X<\/a> early in the month: <\/p>\n

In addition to Terafab seemingly going from idea to a real project, demand from the memory industry appears to be going vertical. Memory chipmaker Micron Technology (NASDAQ: MU) held its fiscal third-quarter earnings release on June 24, absolutely trouncing expectations. Micron also raised its capital expenditures to $27 billion for the fiscal year, up from prior guidance of $25 billion. <\/p>\n

Not to be outdone, on the last day of the month, Micron’s rivals, Samsung and SK Hynix, announced a massive $520 billion in spending over several years to fund new greenfield memory plants. <\/p>\n

Micron and all major memory producers are making extensive use of ASML’s extreme ultraviolet lithography machines, so the increased capex guidance should be a big tailwind for ASML. <\/p>\n

Story Continues <\/p>\n

Towards the end of the month, semiconductor analysts at Wells Fargo raised their estimates for industry WFE spend to $190 billion in 2027 and $216 billion in 2028. For reference, this year is expected to be around $140 billion. Not to be outdone, analysts at Susquehanna increased their estimates of WFE even higher, believing that the industry could potentially reach $300 billion in 2028 as a result of increased pricing on the part of equipment vendors, as customers agree to price hikes to ensure supply. <\/p>\n

\"Semiconductor<\/a> Image source: Getty Images. ASML is a monopoly in a booming industry <\/p>\n

At first glance, investors may view ASML’s valuation, at 60 times earnings, and think the stock is very expensive. However, consider that ASML is essentially a monopoly, as the only company capable of building the extreme lithography machines needed to produce leading-edge logic and memory chips. <\/p>\n

Not only is ASML a monopoly, but it’s a monopoly in a booming industry with the advent of generative and agentic AI. If these analysts’ estimates hold for the next few years, ASML’s price might not be unreasonable at all. <\/p>\n

Should you buy stock in ASML right now? <\/p>\n

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Wells Fargo is an advertising partner of Motley Fool Money. Billy Duberstein<\/a> and\/or his clients have positions in ASML and Micron Technology and has the following options: short January 2027 $110 puts on Micron Technology, short January 2027 $195 calls on Micron Technology, and short March 2027 $100 puts on Micron Technology. The Motley Fool has positions in and recommends ASML, Micron Technology, and Tesla. The Motley Fool has a disclosure policy<\/a>. <\/p>\n

Why ASML Holdings Rallied in June<\/a> was originally published by The Motley Fool <\/p>\n","protected":false},"excerpt":{"rendered":"Shares of semiconductor equipment giant ASML Holdings (NASDAQ: ASML) rallied 24.3% in June, according to data from S&P…\n","protected":false},"author":2,"featured_media":28516,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[65,8,571,504,16784,19067],"class_list":["post-28515","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asml","tag-asml","tag-elon-musk","tag-nasdaq","tag-semiconductor-equipment","tag-space-exploration-technologies","tag-wfe"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/28515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/comments?post=28515"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/28515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media\/28516"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media?parent=28515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/categories?post=28515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/tags?post=28515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}