ASML Holding NV's stock surged 6.90% during pre-market trading on Wednesday, reflecting a significant upward movement for the semiconductor equipment maker.
The sharp rise follows news that President Trump agreed to a two-week cease-fire with Iran if the Strait of Hormuz is reopened. This key waterway is critical for transporting helium, which is essential in the manufacturing of artificial-intelligence chips. The potential reopening alleviates recent supply chain constraints that had affected the semiconductor industry, leading to broad gains across European chip stocks.
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