This Artificial Intelligence (AI) Stock Is Already Seeing Demand Stretching Into 2030
There have been looming question marks about artificial intelligence (AI) stocks of late, and whether a bubble may be bursting. AI stocks have been struggling recently as the market worries about how much longer the strong results may last.
One top tech company, however, says that it’s already seeing interest for orders years in advance, due to the need for AI chips. That company is ASML Holding (NASDAQ:ASML), whose lithography machines are essential in the manufacturing process for advanced chips. ASML posted its latest earnings numbers, which not only showed that it’s been growing well of late, but also that demand remains robust for a long time, and that customers are placing orders years in advance.
The big question, however, is whether the tech stock is still a good buy given its high valuation. I’ll look to answer that below.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.