ASMIY - ASM International: Q1'24 Pretty Much Validated The Current Upcycle
2024-04-27 11:11:12 ET
Summary
- ASMIY's 1Q24 results validate my bullish view, with sequential revenue and order intake growth.
- The 2nm GAA transition and AI demand are driving order intake growth for ASMIY.
- Strong memory chip demand and China sales growth support ASMIY's upcycle, but there is a risk of temporary growth.