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Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.

Video Transcript

00:05 Jared

It is time to cover some of today's trending tickers brought to you by CBO. We're watching SpaceX, other space stocks and chip names and joining me now live from the Nasdaq is Yahoo Finance's Brooke De Palma. So Brooke, we got to talk about SpaceX here. You were there at 11:45 a.m. when we got that first trade, 56 something million shares, $8.4 billion dollars. What was it like?

00:32 Brooke DiPalma

Yeah, I mean the stock opened up at 150, now hovering just above 160 after surpassing 170 earlier this day. Definitely the excitement, the energy, it is all there. But you can't help but also follow this story on social media as well. Elon Musk, uh particularly, uh sort of making this more than just an IPO itself. There are so many ways that this IPO is so unique including that $135 IPO price that we got even in the filing. On top of the fact that retail investors are getting larger piece of pie. But I also want to draw your attention to this tweet where they actually gave the underwriter, supposedly Elon Musk, giving the underwriters green shoes because of the green shoe option, essentially saying that underwriting banks can sell more shares than actually exists within the offer. Typically that's upwards of more than 15%. And so it just goes to show that the energy, the excitement and and the anticipation that this IPO going into it was already going to be oversubscribed. It's certainly there and you could see this just sort of playing out not only here at the Nasdaq but really across of social media. A lot of social posts that have been putting out are getting such high engagement. Um so really, SpaceX now trading above still above nearly uh 19% more than that IPO price of 150.

01:23 Jared

Yeah. We were just talking to Caleb Silver down at the New York Stock Exchange and guess what they're watching too. All right, we we got to move on here because looking at some of the other space stocks out there, you could say Rocket Lab, Virgin Galactic, EchoStar, UFO ETF, they're all trading lower here. And this raises an overarching concern I've heard a lot this week, which is SpaceX is so big, maybe it's just sucking money out of other trades and there are concerns that maybe, you know, we're putting in a temporary market top here because of its size. What do you think, Brooke?

01:54 Brooke DiPalma

Right. Right. Well, if you take a look at SPCE, which is quite similar to SPCX, which is what SpaceX is now trading under, that's Virgin Galactic. And going into this, year to date, the stock was up more than 22%. Now the stock trading just below $4 per share. And so you have to wonder with so much discussion around how this SpaceX IPO was really providing such momentum to the space economy, the interest in the space economy, you have to wonder how these IPOs or rather how these companies within the space sector will perform following this when it seems like everybody wants to be in on the company who seemingly seems to be doing everything. I mean, Elon Musk wants to build a colony on Mars. Elon Musk is already putting data centers or rather satellites into space, eventually data centers into space. He also wants to get colonization on the moon. And so they're playing into these long-term bet that's also taking some near-term strategy. A company that's not profitable, a companies that's revenue is far less than its valuation, but it seems like investors right now willing to take the risk, perhaps moving away from some of these, you know, old school, long running space companies that we've seen listed for quite some time.

03:00 Jared

Sure, like Boeing, Lockheed Martin, etc. Want to talk to you about semiconductors because they've had an incredible run this quarter, but they've been under a bit of pressure at various times this week and part of what I was just talking about, the concern that some of the uh that the SpaceX trade is being funded by other parts of the market. Well, are we seeing that in the chip trade here?

03:24 Brooke DiPalma

Yeah, what we're seeing as we head or make our way into this afternoon, if you take a look at what we're seeing within the YF interactive, we are seeing uh some intraday trading, mostly a mixed picture, but Nvidia, Broadcom, Micron, ASML, all down, moving lower, but at the same time, you do have some stocks that are benefiting not only from perhaps this risk-on sentiment that SpaceX is is inviting to the market given that it has outperformed expectations, certainly well above that 135 IPO price. But on top of that, too, you have this potential ceasefire uh within uh with between the US and Iran. So that's certainly contributing to some momentum that we're seeing in the market, too. But some of the names seeing the most momentum today include Intel, ARM, Qualcomm, even SanDisk seeing a nice pop. And so certainly these names that are playing into this larger AI narrative are seeing some tailwinds because of the SpaceX IPO, Jared.

04:09 Jared

Yeah, and you got to think that the uh the winners, that might be a narrower group going forward. But I appreciate you stopping by here, Brooke. Yeah.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Investing.com -- French artificial intelligence startup Mistral AI is negotiating to raise approximately €3 billion ($3.5 billion) at a valuation of about €20 billion, according to a Friday report by Bloomberg. The funding round would provide the Paris-based company with resources as it competes in the computing race against rivals in the US and China.

The discussions with investors remain in early stages and terms could still change, the report said. The valuation may increase based on investor demand. Mistral was valued at €11.7 billion when it raised funds in September.

ASML Holding NV is the company's largest shareholder. The Dutch firm invested €1.3 billion and acquired an 11% stake in Mistral during last year's funding round.

Mistral was founded in 2023 by researchers from Google DeepMind and Meta Platforms Inc. The company positions itself as Europe's response to Silicon Valley's leadership in artificial intelligence. Mistral operates as an infrastructure provider for European governments and companies, constructing cloud-computing facilities it manages in France and Sweden.

The company has marketed its AI services for engineering and manufacturing applications, securing agreements with major European industrial companies including Airbus SE and BMW AG.

Mistral has also presented European banks and other institutions with its alternative to Anthropic's Mythos, an AI model designed to identify cybersecurity vulnerabilities. Chief Executive Officer Arthur Mensch described this capability as a national security risk last month. "We must have control over this technology," he said.

Previous investors in Mistral include France's state bank Bpifrance and US venture capital firms Lightspeed Venture Partners, General Catalyst and Andreessen Horowitz.

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Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide.

ASML Holding and labor unions have agreed a social plan linked to 1,700 job cuts in a company wide restructuring. The plan focuses on Development & Engineering and IT & Data teams and runs without compulsory layoffs until May next year. ASML aims to redeploy affected staff internally while pursuing higher efficiency across its operations.

For a company as central to chip manufacturing as ASML Holding (ENXTAM:ASML), a restructuring on this scale is a key operational event. The stock trades at around €1,576.0, with returns of 5.2% over the past week and 24.5% over the past month, and is up 59.8% year to date. Over longer periods, reported returns are 134.8% over one year, 140.1% over three years, and 179.9% over five years.

Investors are likely to focus on how the social plan and job cuts affect execution in core engineering and data functions, as well as company culture. The current emphasis on efficiency and cost structure provides context for interpreting future updates on ASML's operations, capital allocation, and hiring plans.

Stay updated on the most important news stories for ASML Holding by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on ASML Holding.ENXTAM:ASML Earnings & Revenue Growth as at Jun 2026

We've flagged 1 risk for ASML Holding. See which could impact your investment.

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Quick Assessment

⚖️ Price vs Analyst Target: At €1,576.0, the stock is about 2.4% above the €1,538.51 analyst price target, so it is trading close to consensus. ❌ Simply Wall St Valuation: The shares are described as trading 122.7% above an estimated fair value, which flags a rich valuation. ✅ Recent Momentum: A 24.5% return over the past 30 days shows strong short term momentum into this restructuring news.

There's only one way to know the right time to buy, sell or hold ASML Holding. Head to Simply Wall St's company report for the latest analysis of ASML Holding's Fair Value.

Key Considerations

📊 The social plan signals management is focused on efficiency in Development & Engineering and IT & Data while trying to preserve know how through internal redeployment. 📊 Watch updates on restructuring costs, productivity metrics and whether staffing changes affect delivery timelines for new tools and services. ⚠️ With one flagged risk on share price volatility, investors may want to consider how any disruption from job cuts interacts with an already sensitive stock.

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For the full picture including more risks and rewards, check out the complete ASML Holding analysis. Alternatively, you can check out the community page for ASML Holding to see how other investors believe this latest news will impact the company's narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASML.AS.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Elon Musk will attend an ASML event on Thursday to discuss his plans for the Terafab semiconductor factory.

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This article first appeared on GuruFocus.

Elon Musk is expected to put ASML's annual technology conference firmly on investors' radar on Thursday, as he appears virtually to discuss Terafab, his proposed semiconductor manufacturing venture aimed at supplying chips for Tesla (NASDAQ:TSLA) and SpaceX. ASML (NASDAQ:ASML) said Musk will share his vision for AI, robotics, space, and semiconductor manufacturing, giving investors another look at how his chip ambitions could move deeper into the global semiconductor supply chain.

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The key question is whether Terafab could become a serious future customer for ASML's lithography systems. ASML CEO Christophe Fouquet said last month that the company has held discussions with Musk about the project. That matters because ASML remains the dominant supplier of lithography tools used to make advanced semiconductors, and a Musk-backed manufacturing push could possibly bring another high-profile buyer into its ecosystem.

Musk has previously said SpaceX plans to work with Intel (NASDAQ:INTC) on Terafab, which is intended to produce chips for SpaceX and Tesla's Optimus humanoid robots. Earlier this year, he also outlined plans for an initial development facility in Texas focused on producing lithography masks, which would support rapid prototyping of logic and memory chips. ASML said Musk and his team are becoming part of the broader semiconductor ecosystem, with companies including ASML expected to collaborate on the initiative, while Musk added on June 6 that ASML is "arguably the greatest company in Europe" and should be "treasured and supported."

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By Toby Sterling

AMSTERDAM, June 11 (Reuters) - Elon Musk is expected to appear virtually at an event by computer chip ‌equipment giant ASML on Thursday to discuss Terafab, his ‌plan for a massive chipmaking plant to supply Tesla and IPO-bound SpaceX.

The pricing of ​the initial public offering of Musk's SpaceX, potentially the largest ever, is expected later on Thursday.

"Musk will share his vision on AI, robotics, space, and semiconductor manufacturing," an ASML spokesperson said in a statement.

ASML ‌describes its annual one-day ⁠technology conference as an "internal event for employees only" and would not specify when Musk will speak. The ⁠conference ends around 5 p.m. (1500 GMT).

ASML CEO Christophe Fouquet last month confirmed he has had discussions with Musk over Terafab, potentially a large new ​customer ​for ASML, Europe's biggest company by ​market valuation. ASML dominates ‌the market for lithography tools, machines that help "print" the tiny circuitry of chips.

Musk has said SpaceX will cooperate with Intel on the Terafab project, and it will eventually supply chips for SpaceX and for Tesla's Optimus robots.

In March, Musk laid out plans for an ‌initial phase in which a development ​plant in Texas will make lithography masks - ​which contain the pattern for ​chips "printed" by ASML tools - to quickly prototype both logic and ‌memory chips under the same ​roof.

"Musk and his ​team are becoming part of the broader semiconductor ecosystem, and many companies, including ASML, will collaborate on this initiative," ASML ​said.

In a June 6 ‌statement on X, Musk said ASML is "arguably the greatest ​company in Europe" and it should be "treasured and supported."

(Reporting ​by Toby SterlingEditing by Tomasz Janowski)

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Brian Barbetta, co-head of technology investing at Wellington Management, is betting on Nvidia, ASML, and Samsara.

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This article first appeared on GuruFocus.

ASML Holding (NASDAQ:ASML) has climbed to fresh record highs in 2026, but the rally is telling investors a more complicated story. Shares are up 64% this year, yet ASML has still lagged the broader US semiconductor sector, Applied Materials (NASDAQ:AMAT), and key customers such as Samsung Electronics (SSNLF). That gap matters because ASML sits at the heart of advanced chipmaking as the sole supplier of EUV lithography machines, the tools needed to print the complex patterns used in advanced semiconductor chips. For investors, the question is not whether ASML is exposed to AI demand. The sharper question is whether the company can turn that demand into enough earnings power to deserve a richer valuation.

Warning! GuruFocus has detected 1 Warning Sign with PMRTY. Is ASML fairly valued? Test your thesis with our free DCF calculator.

The concern centers on monetization, adoption, and capacity. ASML is benefiting indirectly from stronger memory-chip prices, but investors are questioning the company's reluctance to raise prices, the pace of adoption for its next-generation machines, and how quickly it can expand supply. CEO Christophe Fouquet said in April that ASML would not raise prices just because demand is strong, even though its machines can cost around 350 million. Taiwan Semiconductor Manufacturing (NYSE:TSM) has also said it will hold off on using ASML's most advanced tools for chip production through 2029. That delay could possibly weigh on expectations, especially as chipmakers focus more spending on other parts of the manufacturing process, including deposition, etching, and advanced packaging.

Still, the cheaper relative valuation could be drawing fresh attention from long-term investors. Bank of America recently lifted ASML's price target to the highest among brokers, forecasting production could reach 90 EUV tools a year by the end of 2027, compared with 48 sold last year. ASML now trades at about a 25% forward price-to-earnings premium to Applied Materials, near the lowest level since 2014, and roughly on par with Lam Research, a comparison not seen since 2012. Capital Group's John Lamb said the market should appreciate ASML further, while noting that ASML may need time to ramp up its order book. For investors, this could be the setup: ASML remains central to the AI supply chain, but the market may be waiting for clearer proof that the company can capture more of the semiconductor spending boom.

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This article first appeared on GuruFocus.

ASML Holding NV (NASDAQ:ASML) is softening the blow from its planned job cuts after negotiations with Dutch trade unions, with redundancies now not expected to take effect until May 1. The Veldhoven-based chip-equipment maker had said in January that it planned to cut about 1,700 jobs, equal to roughly 4% of staff, as part of an effort to reduce layers of management and bureaucracy.

Warning! GuruFocus has detected 2 Warning Sign with MSFT. Is ASML fairly valued? Test your thesis with our free DCF calculator.

Employees are expected to find out next month whether their roles are affected, following consultation with the works council that represents staff. Those impacted will have until May 2027 to find another role, while settlements could reach a maximum of 400,000, according to Diederik Bonarius, spokesperson at De Unie union. ASML has not yet finalized the number of reductions, with the company aiming to bring the total lower as the process moves forward.

For investors, this is not just a labor update. ASML remains the only producer of cutting-edge lithography machines needed to manufacture advanced semiconductors, placing the company at the center of the AI infrastructure buildout. The bigger question is whether ASML can scale capacity fast enough to meet chipmakers' rising demand, even as hundreds of billions of dollars continue flowing into artificial intelligence infrastructure.

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Semiconductor equipment stocks marched higher amid continued strong demand for new chip gear amid the AI boom.

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