The share price of ASML, a supplier of Dutch chip manufacturing equipment, briefly exceeded 1,000 euros in Monday's trading session. This record level was reached due to investor optimism about TSMC's earnings, Reuters news agency reported.
ASML is the world's largest supplier of chip or semiconductor manufacturing equipment and the third most valuable company in Europe. The capitalization of the Dutch company reaches 398 billion euros.
Yesterday, the price of ASML shares rose above the level of 1,000 euros for the first time in history, and at the same time reached 1,010.8 euros. But then it fell. Today, they have risen slightly to 994.3 euros. Since the beginning of the year, the capitalization of the mentioned company has increased by 46 percent.
Taiwanese high-tech chip maker TSMC is a major customer of ASML. Demand for artificial intelligence is driving the company's stock. Investor interest intensified after the first weekend of July, when banking giants Morgan Stanley and JP Morgan presented positive earnings forecasts for the company.
In April, TSMC announced that it plans to spend $28 billion to $32 billion on capital investments this year.
