ASML Stock Rally Justified by AI-Driven Chip Expansion, Says Bernstein

ASML Holding N.V. (NASDAQ:ASML) is one of the Trending AI Stocks on Wall Street. On October 9, Bernstein raised the firm’s price target on the stock to $935 from $743 and kept a Market Perform rating on the shares. The firm cited an improved 2026 outlook behind the rating affirmation. ASML rallied over 50% in the past two months, driven by several positive industry developments. From Samsung restarting its Taylor fab, to TSMC accelerating U.S. capacity buildout, and expectations of an HBM and DRAM upcycle ...