Name of opportunity: 👀
ASML Holding NV
ASML has what chipmakers need: 🏭
The Dutch company ASML makes semiconductor manufacturing equipment. It’s the only company in the world that makes extreme ultraviolet lithography (EUVL) systems, which use powerful lasers to create the necessary patterns on silicon wafers in order to make microchips. The company itself predicts a microchip industry upturn in 2025 - and increased demand for microchips will be great for business for ASML. ASML's stock is currently rising in price, up 1.66% over the course of the day, and analysts think it might continue to rise.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of ASML Holding NV will increase from $835.34 to $1,136.04 in the next 12 months. If you invested $1000, you might profit $361.11.
One reason why ASML is predicted to rise in price right now is because American computer data storage company Micron stock recently jumped 15% last week after sharing Q4 earnings per share figures that beat analyst estimates. Micron also shared 93% year-over-year revenue growth for Q4. These exciting results led to a wave of investor enthusiasm in AI stocks, including ASML.
The global extreme ultraviolet (EUV) lithography market is predicted to grow from US$8,957.8 million in 2024 to US$17,350 million by 2030, according to research from Pragma Market Research.
Shine bright: 🎆
As of March this year, ASML had the biggest market cap of all European tech companies, at US$397 billion. ASML Holding N.V. is a holding company based in the Netherlands. The Company operates through its subsidiaries in over a dozen countries.
Which neme?: 🔍
‘Microchips’
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