ASML - Will ASML Be Worth More Than Apple by 2030?
2024-03-31 04:15:00 ET
ASML (NASDAQ: ASML) and Apple (NASDAQ: AAPL) are both often considered bellwethers of the tech sector. ASML is the world's largest producer of lithography systems, which are used to optically etch circuit patterns onto silicon wafers. Apple is the world's second-most-valuable company and top smartphone maker.
But over the past 12 months, ASML's stock rallied 50% as Apple's shares rose just 6%. Investors were impressed by ASML's dominance of the lithography market, which makes it possible for leading foundries like Taiwan Semiconductor Manufacturing to manufacture their most advanced chips. Yet they were less pleased with Apple's slowing iPhone sales and recent regulatory troubles.
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Will ASML Be Worth More Than Apple by 2030?