ASML Stock Surges 4% as Intel’s $20B Raise Fuels Equipment Spending Boom

TLDR

• ASML stock jumped 4% to $1,803.23 after Bernstein reiterated a Buy rating and raised WFE spending forecasts to $148B for 2026
• Bernstein projects WFE spending could reach $259B by 2028, representing roughly 75% two-year growth
• Intel increased its stock offering to $20B, up from $15B, signaling heavy capital expenditure ahead for chipmaking equipment makers
• Goldman Sachs added ASML to its European Conviction List earlier this month, adding to bullish sentiment
• ASML’s EUV order book now stretches into 2028, and the company plans to expand capacity by 30% in 2027

ASML stock jumped 4% to $1,803.23 in morning trading on Tuesday, outperforming a flat broader market, as a wave of analyst upgrades and Intel’s expanded capital raise pushed investors toward chipmaking equipment names.

The catalyst started before the open. Bernstein reiterated its Buy rating on ASML and published sweeping upgrades to its global wafer fabrication equipment (WFE) spending forecasts. The firm now projects around $148 billion in WFE spending for 2026, climbing to $204 billion in 2027 and $259 billion in 2028.

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