ASML Holding NV shares surged +8.51% in live trading on January 02, 2026. This significant gain followed a double upgrade by analyst Warren Lau of Aletheia Capital, who moved ASML's rating from 'Sell' to 'Buy' and doubled the price target to $1,500 from $750. The upgrade highlights robust chip demand, driven particularly by the expansion of AI chip foundries and increased semiconductor manufacturing. This renewed optimism outweighs recent concerns about potential declines in China sales for 2026.