ASML's Q3 2024 results showed a significant drop in bookings, but the company's long-term growth is supported by its dominant position in EUV lithography machines. Despite cyclical revenue pressures, ASML's high profitability ratios and technological advancements ensure continued growth, driven by AI and semiconductor demand. The key risk is China's potential technological breakthroughs, but ASML's current lead and competitive moat make it a strong long-term investment.
ASML, a leading semiconductor company, holds a monopoly in EUV lithography, crucial for advanced chip manufacturing, with significant growth potential in the expanding semiconductor industry. Despite recent stock price weakness, ASML's strong market position and projected 10% annual sales CAGR make it a compelling buy, with EPS likely outpacing revenue growth. Key growth drivers include increasing demand from AI, energy transition, and EV sectors, with ASML's valuation appearing cheap relative to its historical norms.
In the most recent trading session, ASML (ASML) closed at $756.33, indicating a +0.81% shift from the previous trading day.
The Dutch government excludes billions of euros of sales by technology company ASML to China from disclosures on sensitive goods exports, it has told Reuters, following a policy decision that has not been previously reported.
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Weaker guidance, profitability pressures, geopolitical risks and macroeconomic headwinds weigh heavily on ASML Holding's immediate prospects.
Shares of ASML (ASML 5.54%) were up by 5% as of noon ET Thursday, according to data provided by S&P Global Market Intelligence.
ASML (ASML -1.36%) may be the most important company you've never heard of. Without its product, none of the innovative AI models, smartphones, or practically any other high-tech devices we take for granted would be possible.
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.
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In this video, I talk about one of the best semiconductor stocks to own, ASML (ASML -1.57%), and why now might be the best time to buy shares. Watch the short video to learn more, consider subscribing, and click the special offer link below.
ASML (ASML) reachead $727.41 at the closing of the latest trading day, reflecting a -1.57% change compared to its last close.