ASML’s Surge to Record High Masks Lowball Valuation Versus Peers

A banner flag with the ASML logo outside the Brainport Industries Campus, which houses the ASML Academy, in Eindhoven, Netherlands, on Wednesday, Jan. 28, 2026. ASML Holding NV's orders in the fourth quarter exceeded analysts' expectations, as the rapid development of artificial intelligence infrastructure boosted demand for its cutting-edge chip-making machines.