Company Overview - ASML stock reached its highest price in over a year, closing at 867.30 after a 6.6% surge, and hitting a 52-week high of 881.46 during midday trades [1] - The stock is currently deep in a 62-week cup base with a buy point of 1,110.09, and an entry point of 826.56 from a smaller cup formation [2] Market Sentiment - Investor sentiment for the semiconductor equipment segment is improving, with ASML and peers like KLA and Lam Research also seeing stock price increases [2] - JPMorgan's report indicates that the worst is over for ASML, which has faced challenges from weakening orders and restricted access to the China market [3] Capital Equipment Spending - Positive reports indicate strong capital equipment purchases by Taiwan Semiconductor Manufacturing (TSM), contributing to ASML's stock performance [4] - Morgan Stanley forecasts a record year for wafer fab equipment spending in 2025, predicting a 14% increase to $117 billion this year, with a further 5% rise to $122 billion in 2026 [4][5] Ratings and Performance - ASML's IBD SmartSelect Composite Rating improved to 97, up from 91, indicating strong performance relative to other stocks [7]