ASML , the top equipment supplier to computer chip makers, is expected to report an influx of new orders when its new boss delivers second-quarter results on Wednesday, as customers expand capacity to meet booming demand for AI chips.
The tech sector continues to surge, but with so many options, where should you invest? Amazon, Spotify, and ASML Holdings look appealing at these levels.
ASML Holding's (ASML) second-quarter 2024 results are likely to reflect strength in EUV and DRAM amid macro headwinds.
It was inevitable that tech stocks with massive potential and reach would be the titans of the digital age. Six out of seven trillion-dollar companies are in tech, as are some of the closest stocks to that trillion-dollar mark.
These days, you don't need much extra motivation to consider the bullish case of surging semiconductor stocks. Yes, the spotlight is on the individual innovations, such as artificial intelligence or automated mobility.
The artificial intelligence (AI) revolution has triggered a multi-year investment cycle across the enterprise. Additionally, generative AI is now permeating various consumer internet applications.
ASML is a supplier to companies like Taiwan Semiconductor, Intel, and Micron Technology.
ASML Holding N.V. is expected to release its 2Q earnings later this month, with conservative guidance indicating a -13.8% YoY decline in revenue and continued margin pressure. The recent rally in stock price was largely due to the optimism from TSMC's high-NA EUV deal, which can improve its growth outlook in FY2025. The management reiterated that 10% to 15% of China's sales in FY2024 will be impacted by export controls, posing a structural geopolitical risk for the company.
ASML Holding N.V.'s Q1 2024 results were disappointing, but it overtook Applied Materials as the top WFE Semiconductor Equipment supplier in 2023. ASML expects a Q2 2024 net sales increase of 12.3% from Q1, with a gross margin of 50-51%. ASML's strategic focus on high-volume manufacturing for TSMC's 2nm nodes presents a significant revenue opportunity for 2024 and 2025.
ASML's shares hit an all-time high this week due to surging demand for semiconductors. ASML benefits from a strengthening AI boom as a critical element in semiconductor supply chain. The chip equipment manufacturer is headed for a strong Q2 report, given TSMC's solid revenue achievements in the second-quarter.
Mirroring the Nasdaq today , semiconductor stock ASML Holding NV (NASDAQ:ASML) earlier hit a record high of $1,110.09 before turning lower, last seen down 2.4% at $1,073.
Zacks.com users have recently been watching ASML (ASML) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.