ASML, the Dutch leader in advanced chip-making machines, has seen its stock fall 6.17% over the past month despite strong fundamentals and rising revenue. Concerns over US and Dutch export controls limiting China exposure and a sector-wide sell-off have pressured the stock. Bernstein analyst Stacy Rasgon remains bullish, raising his price target to $2,859, implying a 70% upside, citing ASML's monopoly in EUV technology, ongoing AI-driven demand, and improving profit margins. The stock trades below consensus targets, suggesting a buying opportunity if AI investment continues and export restrictions stabilize.
Global wafer-fabrication-equipment spending is expected to rise 16.9% to $135.2 billion in 2026, driven mainly by increased demand for memory chips like DRAM and NAND due to AI growth. Lam Research leads with the strongest exposure to memory equipmen...
Taiwan Semiconductor Manufacturing Co. (TSMC) reported record monthly revenue of $16.35 billion for August, a 53.3% increase from the previous year and a 10.1% rise from July. The surge is driven by robust demand for chips used in artificial intellig...
Samsung has joined ASML's High-NA EUV system customers, alongside Intel, TSMC, and SK hynix, strengthening ASML's long-term growth prospects. ASML raised its 2026 revenue guidance twice, now expecting about 65 low-NA EUV systems and over 45% year-on-...
