ASML - Missed Out on Nvidia's Terrific Rally? Buy This Magnificent Artificial Intelligence (AI) Stock Before It Goes on a Bull Run.
2024-02-03 05:20:00 ET
Shares of Nvidia have shot up 206% in the past year as the massive demand for the company's artificial intelligence (AI) chips triggered rapid growth in its top and bottom lines.
That rally has also lifted the broader semiconductor sector, as shown by the 49% gain in the PHLX Semiconductor Sector index in the past year. But not all components of the index have benefited equally. ASML Holding (NASDAQ: ASML) is one such example.
Shares of the Dutch chipmaking equipment company have jumped only 32% in the past year, underperforming the index and Nvidia by a big margin. But all that could change very soon -- ASML stock shot up nearly 9% after the company released its fourth-quarter 2023 results on Jan. 24. Let's see why Wall Street gave those results a big thumbs-up.
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Missed Out on Nvidia's Terrific Rally? Buy This Magnificent Artificial Intelligence (AI) Stock Before It Goes on a Bull Run.