ASML Stock Gains 42.4% in a Year: Can its Technology Drive Momentum?

ASML Holding’s (ASML) shares have rallied 42.4% in the past year, outperforming the Zacks Semiconductor Equipment-Wafer Fabrication industry’s return of 41.2% and the S&P 500 index’s gain of 33.5%. ASML has been benefiting from its growing investments in advanced technologies, expanding its footprint in the memory market and increasing design wins. Its strong positioning in the semiconductor industry, which has been staging a solid rebound on the growing demand for artificial intelligence (AI), is a major p ...