Why ASML Stock Surged Higher Today

Shares of ASML (ASML 5.58%) were up by 5% as of noon ET Thursday, according to data provided by S&P Global Market Intelligence.ASML is the leading provider of lithography solutions to the semiconductor industry, and its upward momentum appeared to be a reaction to the promising guidance provided by its largest customer, Taiwan Semiconductor Manufacturing (TSM 5.13%), which reported fourth-quarter earnings Thursday morning.ASML's success is tied to TSMCControlling most of the market for deep-ultraviolet (DUV ...