ASML Holding N.V. outperformed amid broader market weakness, driven by strong demand for semiconductor equipment in AI infrastructure build-out.
ASML Holding N.V. (NASDAQ:ASML) closed at $1,705.37 on June 2, 2026, posting a 10.40% one-month return and a 129.59% gain over the past 52 weeks. The company’s performance stood out as its lithography solutions benefited from increased AI infrastructure investments, offsetting broader market declines.
Brown Advisory’s Global Leaders Strategy, which underperformed the MSCI ACWI Net Return Index by 5.1 percentage points in Q1 2026, cited ASML as a key contributor. The strategy faced headwinds from avoiding the Energy sector and exposure to the “AI loser” narrative, which weighed on risk assets during the quarter.
The fund’s absolute correction of 8.3% contrasted with ASML’s resilience, reflecting its critical role in semiconductor manufacturing amid ongoing AI-driven demand.