2024-03-27 08:42:22 ET
Summary
- 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.
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ASML Holding: More HBM Equals More EUV