Why ASML Holding (ASML) rose 3.36%
ASML Holding (ASML) rose 3.36% on October 2, 2026 — Micron beats earnings, guides Q1 revenue well above.
What happened
ASML Holding rose 3.4% as part of the semiconductor sector rally driven by Micron's earnings beat and strong first-quarter guidance, reinforcing that the fab capex cycle remains robust.
Why it moved
Micron's demand signal validates that hyperscalers and chipmakers are investing heavily in wafer capacity and advanced nodes; ASML, as the monopoly supplier of extreme ultraviolet lithography, is the first and most…
Why it matters
ASML is the crown jewel of the Chip Supply Chain capex supercycle: without its EUV tools, no advanced node progress.
What would break the thesis
If China capex slows due to geopolitical friction or export controls, or if hyperscaler capex moderates unexpectedly, ASML's order visibility could deteriorate despite strong current momentum.