ASML shares were up as much as 8% on Wednesday. They were trading 6.3% stronger as of 11:10 a.m. local time.
ASML Holding NV signalled plans to raise its forecasts later this year as demand for its chip-making machines is outstripping supply.
“In light of the demand and our plans to increase capacity, we expect to revisit our scenarios for 2025 and growth opportunities beyond,” CEO Peter Wennink said. “We plan to communicate updates in the second half of the year.”
