$ASML Holding (ASML.US)$For the first time, the market capitalization has exceeded the famous luxury goods group LVMH, making it the second largest listed company in Europe by market capitalization.

On Wednesday, June 5th, ASML's stock price rose by 9.52%, with the market value breaking through $410 billion. This increase made ASML the second largest listed company in the European market, surpassing the luxury goods giant LVMH for the first time.

The reason for the soaring stock price is that ASML will deliver its latest high numerical aperture extreme ultraviolet lithography machine to its top customer, Taiwan Semiconductor, this year.

It is reported that this equipment is ASML's most advanced product to date. Its high price of up to 350 million euros per unit also shows its high-end position in the industry. This has greatly boosted the market's confidence in ASML, leading to a surge in stock price.

Since April of this year, ASML's stock price has been declining due to top chip manufacturers delaying their purchase of high-end equipment. Taiwan Semiconductor expressed concerns about the price of the latest EUV. TSMC Senior Vice President Zhang Xiaqiang said in Amsterdam in May: "I like the features of high-numerical aperture lithography, but I don't like its price."

Therefore, with the shift of TSMC, the "buy" rating given by Jefferies analyst Janardan Menon, as well as the expectation of future order growth, investors are more optimistic about ASML's future sales prospects. Menon said: "ASML is expected to have a large number of orders in the next few quarters." He added that TSMC will increase the production of the next generation 2 nanometer chips in the second half of 2025, but ASML has not yet received a large number of orders.

Edited by Jeffrey