Nvidia's Key Supplier ASML Enters Top Momentum Tier As Bernstein Forecasts 'Big Years' For Chip Giant

ASML Holding NV (NASDAQ:ASML) has officially broken into the upper echelon of market leaders, surging in its Benzinga Edge’s momentum score.

The semiconductor equipment manufacturer and a key supplier to Nvidia Corp. (NASDAQ:NVDA) saw the surge following a major bullish call from Bernstein, positioning the company for what analysts are calling “big years” ahead.

Momentum Breakout

Data from Benzinga Edge reveals that ASML’s momentum score jumped week-over-week from 89.36 to 92.14. This metric, which evaluates a stock’s relative strength based on price movement and volatility, now places ASML in the 92nd percentile against peers.

The stock’s technical profile is firing on all cylinders. In addition to the momentum spike, ASML boasts a quality score of 94.05, reflecting superior operational efficiency and financial health.

Price trends are notably green, with the stock showing positive direction across short, medium, and long-term horizons. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.

Bernstein’s ‘Top Pick’ Designation

The momentum surge coincides with Bernstein upgrading ASML to “Outperform” and raising its price target to €1,300.

According to an Insider Monkey report, analyst David Dai named ASML a “top pick” for 2026, citing a perfect storm of accelerating memory investment and robust demand for logic chips.

Dai projects that 2026 and 2027 will be pivotal years, driven largely by a recovery in the DRAM market. With major manufacturers planning to add significant capacity, demand for ASML's lithography tools—crucial for the new “1c node”—is expected to spike.

Bernstein firm argues that the 28% lithography intensity required for next-gen chips outweighs valuation concerns.

Price Action: Shares of ASML have gained 58.82% in the last six months and 76.14% in the last year, according to data from Benzinga Pro. It is up 13.03% so far this year. On Monday, the stock closed 0.58% higher at $1,281.23 apiece.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image via Shutterstock