TSMC's impressive clientele puts it in a solid position to make the most of the AI chip boom. ASML plays a critical role in the proliferation of AI chips thanks to its advanced equipment.
ASML stock is in record-high territory after its recent breakout but a Wall Street analyst says the semiconductor equipment leader deserves its premium valuation.
ASML shares briefly crossed the 1,000 euro ($1,084.30) mark for the first time on Monday, an all-time high, following positive research notes on top customer TSMC ahead of both companies' earnings.
Chip buyers, including the German car industry, need the older generation computer chips that Chinese chipmakers are currently investing in, the CEO of equipment maker ASML said in an interview with Germany's Handelsblatt newspaper published on Monday.
ASML (NASDAQ: ASML) is one of the most important companies in the world.
The recently retired CEO of semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that U.S.-China disputes over computer chips are ideological and not based on facts, and they are set to continue.
Several high-profile stock splits have occurred recently. First, Nvidia (NASDAQ: NVDA ) decided to implement a 10-for-1 stock split which took effect June 10.
ASML Holding NV (NASDAQ:ASML) investors will be closely watching the manufacturer of chip-making equipment's orders when it hands down its second quarter earnings on July 17, say analysts at UBS. “Sentiment has remained relatively optimistic into earnings, however, there is increasing nervousness around the order number which disappointed last quarter at €3.6 billion,” the analysts wrote in a note to clients.
ASML's US-listed stock is up 42% this year so far and upcoming earnings could send it even higher.
Tech stocks easily outperformed Wednesday.
ASML's CFO held a call with analysts in early June. On that call, he said TSMC, the largest chip foundry, would be receiving a high-NA EUV machine this year.
Semiconductor production equipment maker ASML may continue with an expansion under way at its headquarters in Veldhoven, the Netherlands' Council of State ruled on Wednesday, rejecting objections from two neighbours.