Is ASML Holding NV’s Stock a Buy Ahead of Its Q3 Earnings Report Wednesday?
ASML (NASDAQ:ASML) doesn’t get as much attention as chip stocks like Nvidia do, but the European semiconductor capital equipment specialist is arguably just as crucial to the AI boom.
ASML is the world’s only manufacturer of extreme ultraviolet (EUV) lithography equipment, which is used by manufacturers like Taiwan Semiconductor Manufacturing, Intel, and Samsung to make the world’s most advanced chips.
The company is downstream from fabless chip companies like Nvidia in the AI boom, but it’s set to reap the rewards of surging demand for AI chips, including the memory chip shortage and the supply expansion now underway.
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