ASML shares surged approximately 9% on April 8, 2026. Bank of America designated the company as its top pick in the semiconductor sector.
BofA expects ASML to benefit from structural trends like AI adoption and chip complexity. Stronger AI demand drives upside in both logic and memory chip markets.
The upgrade follows a stock dip triggered by proposed U.S. trade restrictions. Lawmakers proposed a bill to limit ASML’s sales and servicing of DUV lithography tools in China. Analysts estimate these restrictions could reduce earnings per share by up to 10%.