ASML shares dropped over 7% after reports that a Chinese firm began mass-producing DUV lithography tools, raising concerns about competition and U.S. export restrictions. Despite this, ASML posted strong Q2 results with 21.25% revenue growth and raised its full-year guidance, driven by AI-related semiconductor demand. Bernstein maintains a $2,623 price target, citing ASML's EUV monopoly and capacity expansion plans. The stock trades at a discount to its bullish valuation, with consensus targets suggesting around 25% upside. The outlook depends on China’s tech progress and adoption of advanced lithography technology.
TSMC reported a 44.7% year-on-year revenue increase for July, reaching 467.58 billion Taiwan dollars ($14.5 billion), driven by strong demand for AI-related chips. As a key chip supplier to major tech firms like Nvidia and Google, TSMC's sales are a ...
ASML Holding N.V. is rated Buy with a 2028 price target of $2,048, implying a 24.7% upside. The positive outlook is supported by strong AI-driven demand for lithography equipment, expansion in EUV and High-NA technologies, and a shift towards higher-...
