ASML, Record and AI demand
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Bookings surged in the fourth quarter, indicating strong demand.
ASML is experiencing several tailwinds including an expectation of increased chipmaking capacity and continued demand for AI semiconductors.
The company logged record quarterly orders, showing how tech clients continue to plow money into tools for making sophisticated semiconductors.
ASML has forecast bumper sales of its chip manufacturing equipment this year on the back of the AI boom, building on a blockbuster fourth quarter and sparking a rally across the tech sector on Wednesday.
ASML Holding N.V. (NASDAQ:ASML) is one of the AI Stocks in Focus on Wall Street. On January 27, BofA Securities analyst Didier Scemama reiterated a Buy rating on the stock with a $1,672.00 price target.
ASML Holding N.V. is downgraded to a Hold, citing valuation after a 50% rally and strong technical momentum. Learn more about ASML stock here.