ASML CEO Christophe Fouquet, who took the helm in 2024, is focused on transitioning from extreme ultraviolet (EUV) lithography to high numerical aperture (High NA) EUV technology.

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ASML shares rose about 4% premarket after reporting third-quarter orders above expectations, signaling resilient demand amid the ongoing AI chip boom.

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ASML will invest €1.3B in Mistral AI, becoming its largest shareholder with an 11% stake and a seat on the startup’s strategic committee, according to the Financial Times.

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ASML shares rose on Friday after UBS upgraded the stock, citing that risks in the lithography market are now “well understood.”

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