ASML stock has recovered most of its April losses, demonstrating incredible resilience. The AI gold rush is expected to benefit ASML significantly. China's push for chip self-sufficiency should also spur demand for ASML's more mature lithography machines.
ASML shares rose on Wednesday after a Jefferies analyst report cited comments from CFO Roger Dassen which suggested he was positive about the possibility of orders coming through from top customer TSMC in the coming quarters.
ASML , the biggest maker of equipment used to manufacture semiconductors, said on Monday it has opened a test laboratory for its High NA EUV lithography equipment, together with Belgium chip research firm Imec.
ASML's machines are highly regulated. The stock carries an expensive premium.
In the most recent trading session, ASML (ASML) closed at $966.12, indicating a +0.86% shift from the previous trading day.
ASML (ASML) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
ASML's growth should start accelerating in the second half of 2024. The company's healthy order backlog and the growing demand for advanced chips for applications such as AI should help it grow impressively over the next three years.
ASML is essential to the semiconductor industry. Microsoft and Alphabet are both helping to lead the way on AI.
It's understandable why most of investor attention in the chips space right now goes to Nvidia (NASDAQ: NVDA ). The company continues to blow out earnings expectations and is the king of this space — no doubt.
ASML (ASML) closed at $934.25 in the latest trading session, marking a +1.29% move from the prior day.
Scottish Mortgage Investment Trust PLC (LSE:SMT) enjoyed a return to positive growth in the 12 months to 31 March, following two consecutive years of negative returns. The FTSE 100-listed trust's share price increased 32.5% in the period and the net asset value (NAV) on its holdings increased by 11.5%.
Scottish Mortgage Investment Trust PLC (LSE:SMT) enjoyed a return to positive growth in the 12 months to 31 March, following two consecutive years of negative returns. The FTSE 100-listed trust's share price increased 32.5% in the period and the net asset value (NAV) on its holdings increased by 11.5%.