Investors focused on ASML following the US approval of certain Nvidia AI chip exports to China. This development underscored ASML's strategic position. The company supplies essential lithography equipment for advanced chip manufacturing, which remains subject to strict export controls.
The market reaction was a "measured grind," not a volatile spike, indicating a thoughtful rotation by investors into the stock. Trading volume for the company increased during this period.
Long-term holders modestly added to their positions, reflecting confidence in ASML's durable market position. This confidence persists regardless of specific US policy adjustments concerning AI accelerators.
The market suggests focus remains on ASML’s fundamental role in global AI infrastructure development outside of China.