Overview
- ASML’s shares moved higher on Wednesday with an intraday jump reported at about 6.1% by Yahoo Finance, reversing mixed trading earlier in the week.
- The rally is being linked to a thesis from Lynx Equity, which says SpaceX’s reported $80 billion-plus in IPO cash and its $60 billion Cursor deal signal heavy future spending on AI chips.
- That chain of demand — SpaceX buys chips, chipmakers expand production, chipmakers order ASML machines — is speculative and has not been confirmed by SpaceX, chipmakers, or ASML.
- ASML machines have long order lead times and require public fab-equipment orders for revenue to rise, so any material benefit would take months to show up in sales.
- Investors say the trade is high risk because the recent AI-chip rally has been narrow and volatile and will hinge on upcoming earnings and foundry order disclosures to prove actual chip-capex growth.