Why ASML Rallied on Monday
ASML received an upgrade as one analyst sees strong AI-related spending next year.Shares of ASML (ASML 6.52%) rallied on Monday, up a strong 6.6%.ASML had been a relative laggard compared with other semiconductor equipment stocks this year, but received a nice upgrade on Friday afternoon from a sell-side analyst. The upgrade coincided with recent strong data on the ongoing AI buildout, lifting shares well above the market. Arete upgrades ASML for the first time in seven yearsArete Research is a boutique equ ...