ASML Surpasses LVMH as Second-Biggest Stock in Europe
- The shares soared 8.1% amid a broad tech-driven rally
- Novo Nordisk is the largest company in Europe by market cap
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ASML Holding NV became Europe’s second-biggest listed company, overtaking LVMH by market value for the first time ever.
The shares jumped 8.1% on Wednesday, valuing the company that produces equipment needed to make the most sophisticated semiconductors at about €377 billion ($410 billion). That’s some €641 million more than luxury conglomerate LVMH. In European markets, only Novo Nordisk A/S is worth more.