Shares of ASML (NASDAQ: ASML) were moving higher today, continuing a recent rally in the stock, this time in response to news of Nvidia's $5 billion investment in and a new partnership between the two semiconductor heavyweights.
One analyst hiked their price target on the news as well, showing that the deal is bullish for ASML.
As of 11:58 a.m. ET, the stock was up 7% on the news.
Source Fool.com