TLDR
- ASM International hits 837.60, up 7.11% on strong AI chip demand
- European chip stocks rise as AI infrastructure demand accelerates
- SOX index extends rally with 15-day streak and 35% surge
- ABB lifts outlook as data center demand boosts electrification
- AI spending drives gains across semiconductors and power firms
ASM International NV (ASM.AS) closed at 837.60, rising 7.11% after strong buying activity. The stock advanced sharply early and held gains into the close. The move reflects rising demand linked to artificial intelligence infrastructure expansion.
ASM International N.V., ASM.AS
Strong Earnings Outlook Drives ASM International Rally
ASM International NV reported stronger-than-expected guidance for the second quarter, supporting its latest rally. The company signaled higher sales driven by increased semiconductor equipment demand. As a result, the stock reached a new all-time high during the session.
The price action showed a clear gap-up at the open, followed by steady consolidation above key support levels. Momentum remained stable throughout the session, indicating sustained buying pressure. The stock then edged higher into the close, confirming continued strength.
The company operates in the semiconductor equipment sector, which benefits directly from rising chip production needs. Demand for advanced chips continues to increase as AI systems expand globally. Consequently, equipment suppliers like ASM International have seen consistent growth in order activity.
European Semiconductor Stocks Gain on AI Spending
European semiconductor and equipment stocks moved higher as AI-related demand supported the sector. Companies including ASML and STMicroelectronics posted moderate gains during the session. The broader technology segment in Europe also recorded steady upward movement.
The rally aligns with strong performance in the Philadelphia SOX index, which tracks major semiconductor companies in the United States. The index extended its winning streak to 15 sessions. Over this period, it gained approximately 35%, marking its strongest run in over two decades.
Semiconductor suppliers across Germany recorded steady gains during the same session. Firms such as Infineon Technologies and Aixtron advanced modestly. This movement reflects broader demand across the chip supply chain.
Industrial and Electrical Firms Follow Sector Momentum
Engineering and electrical companies also advanced as demand for data center infrastructure increased. ABB raised its full-year outlook, supported by strong demand in electrification and data center segments. The stock reached a record level following the update.
Schneider Electric and Legrand posted moderate gains during the session. These companies supply key components used in data centers and power systems. As a result, they benefit from increased infrastructure investments tied to AI expansion.
The broader European technology index also moved higher, reflecting strength across related sectors. Growth in AI infrastructure continues to drive demand for semiconductors and electrical systems. This trend supports consistent gains across multiple industries linked to digital and energy infrastructure.
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