What's Going On With Taiwan Semi Supplier ASML Stock On Wednesday?
Portfolio Pulse from Anusuya Lahiri
ASML Holding NV (NASDAQ:ASML) stock is trading higher due to plans to deliver its latest high-NA extreme ultraviolet chipmaking machines to Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and Samsung Electronics Co in 2024. Intel Corp (NASDAQ:INTC) has already received its first shipment. Jefferies analysts predict strong orders for ASML, potentially boosting 2025 sales. ASML expects a robust recovery in demand in the second half of the fiscal year, despite the U.S. chip embargo impacting sales to China. ASML stock has gained 35% in the last 12 months.
June 05, 2024 | 1:58 pm
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POSITIVE IMPACT
ASML stock is trading higher due to plans to deliver its latest high-NA extreme ultraviolet chipmaking machines to TSMC and Samsung in 2024. Intel has already received its first shipment. Analysts predict strong orders, potentially boosting 2025 sales.
The news of delivering advanced chipmaking machines to major clients like TSMC, Samsung, and Intel is a significant positive development for ASML. Analysts' predictions of strong orders and potential sales boost further support a positive short-term impact on ASML's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Intel has already received its first shipment of ASML's latest high-NA extreme ultraviolet chipmaking machines for its Oregon factory, which will support advanced electronics and AI applications.
Receiving advanced chipmaking machines from ASML will enhance Intel's capabilities in producing advanced electronics and AI applications, which is a positive development for the company.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Investors can gain exposure to ASML stock via VanEck Semiconductor ETF (NASDAQ:SMH), which is likely to benefit from ASML's positive developments and stock price increase.
As ASML's stock price increases due to positive developments, ETFs like SMH that hold ASML shares are likely to benefit as well.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Investors can gain exposure to ASML stock via iShares Semiconductor ETF (NASDAQ:SOXX), which is likely to benefit from ASML's positive developments and stock price increase.
As ASML's stock price increases due to positive developments, ETFs like SOXX that hold ASML shares are likely to benefit as well.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
TSMC is set to receive ASML's latest high-NA extreme ultraviolet chipmaking machines in 2024, which will support advanced electronics and AI applications. Despite concerns about the high price, demand remains strong.
Receiving advanced chipmaking machines from ASML will enhance TSMC's capabilities in producing advanced electronics and AI applications, which is a positive development for the company.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80