ASML Price Target Surge: AI Expansion Reshapes Semiconductor Industry

ASML Holding N.V. (NASDAQ:ASML) saw its price target lifted to $2,623 by Bernstein, with Morgan Stanley and Susquehanna also revising forecasts upward amid AI-driven demand for chips. Analysts project EUV lithography systems shipments to rise from 91 in 2027 to 113 in 2028, as global semiconductor capital expenditures approach $300B annually. The company’s backlog now extends beyond one year, signaling sustained growth through 2028. While ASML remains a cornerstone of the AI supply chain, investors are weighing risks from geopolitical shifts and onshoring trends that could disrupt traditional tech supply chains. The firm’s outlook underscores the critical role of advanced chip manufacturing in the AI era, though competition from emerging players and regulatory pressures loom large.