ASML Holding NV became Europeβs most valuable company ever after a 60% year-to-date advance fueled by a clamor for stocks with exposure to the buildout of artificial intelligence data centers.
The ASML headquarters and factory in Veldhoven, Netherlands.
ASML Holding NVβs ascent to fresh record highs has been a highlight for European markets, yet itβs done little to improve what is the stockβs cheapest relative valuation in years.
A banner flag with the ASML logo outside the Brainport Industries Campus, which houses the ASML Academy, in Eindhoven, Netherlands, on Wednesday, Jan. 28, 2026. ASML Holding NV's orders in the fourth quarter exceeded analysts' expectations, as the rapid development of artificial intelligence infrastructure boosted demand for its cutting-edge chip-making machines.