ASML stock
ASML Holding NV shares surged over 6% on June 8, 2026, following an endorsement from Elon Musk, who described the company as "arguably the greatest company in Europe." The rally was further catalyzed by the announcement that Musk will join ASML CEO Christophe Fouquet for a fireside chat on June 9--10 to discuss "Terafab," a $55 billion joint venture between SpaceX and Tesla for a new semiconductor fabrication facility in Texas. In response, major financial institutions including BofA and JPMorgan raised their price targets for ASML to €1,921 and €1,900, respectively, highlighting the company's critical role as the exclusive provider of EUV lithography systems required for the project.