Home ยป ASML Emerges as Top 2 Most Valuable Business in Europe, Trumping LVMH

ASML Emerges as Top 2 Most Valuable Business in Europe, Trumping LVMH

Tonight, NVIDIA’s stock price surged, elevating its market value to become the world’s second-largest company, surpassing Apple. Meanwhile, in Europe, ASML, the leading manufacturer of chip production machinery, saw its stock price increase by 8.1%, boosting its market value to 3.77 trillion euros, making it the second-highest valued company in Europe, overtaking LVMH. The top spot belongs to Novo Nordisk, a healthcare company.

Recent news impacting ASML includes TSMC, Taiwan’s chip manufacturer, receiving some High-NA EUV equipment this year, a development that was previously exclusive to Intel.

Source: South China Morning Post

TLDR: NVIDIA and ASML see stock price surges, with ASML becoming the second-highest valued company in Europe. TSMC’s acquisition of equipment shakes up the chip manufacturing industry.

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