Barclays analysts called the announcement a “positive” for High NA EUV machines, which are viewed as crucial to ASML’s revenue growth.
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Shares of ASML slid Tuesday, but experts and analysts cautioned that the panic behind the selloff is almost certainly overblown.
A share price rally pushed ASML’s market cap to $668 billion on Wednesday, beating a European record set by Novo Nordisk in June 2024.
Mistral has been hailed by policymakers as key to Europe’s ambitions to compete with dominant US and Asian rivals.
ASML is crucial to the most important commercial and strategic tech products on the market, from Apple iPhones to Nvidia’s AI accelerators.
On Tuesday, ASML accidentally published some disappointing earnings results a day earlier than scheduled, sending its share price down.