ASML Surpasses $500 Billion Market Cap on TSMC Spending Boost
ASML's market value exceeded $500 billion after TSMC announced higher-than-expected capital spending plans, driven by AI chip demand. Shares rose 5.4%.
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ASML's market value exceeded $500 billion after TSMC announced higher-than-expected capital spending plans, driven by AI chip demand. Shares rose 5.4%.
Nvidia is boosting production capacity and may resume China shipments, potentially driving its market cap to $7 trillion by 2026 as AI spending grows.