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ASML's stock price has surged by 42% since July 2023, driven by their monopoly position in Extreme Ultraviolet (EUV) technology and strong growth in wafer demands.
The growing demand for high-bandwidth memory (HBM) in AI computing presents significant growth opportunities for ASML, as major suppliers like Samsung, SK Hynix, and Micron plan to increase their HBM manufacturing capacity.
Export restrictions to China pose challenges for ASML, but the overall impact on revenue growth is expected to be in the low-to-mid single-digit range.