When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
ASML - ASML Is Positioned For A Cyclical Upswing With EUV
ASML Holding N.V.
2024-04-24 03:54:59 ET
Summary
ASML expects eQ2'24 to remain soft, followed by the cyclical upswing in e2h24 before taking off in eFY25. Strong free cash flow will follow inventory drawdowns as orders flow.
The adoption of EUV technology by Intel and Taiwan Semiconductor is expected to drive significant investments in ASML's advanced high NA machines.
Management anticipates significant growth resulting from key themes in data centers and energy transmission, driving demand for ASML's manufacturing equipment.