Why ASML Is Advancing Today

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Why ASML Is Advancing Today

Netherlands-based ASML (ASML), which markets equipment used to make computer chips, is climbing 5% today. The company’s bookings came in way ahead of analysts’ average

This is the hidden content, please

• Sign In
• or
• Sign Up

, and its fourth-quarter results beat the average estimates by significant amounts.

ASML asserted that its strong results were driven by powerful demand for AI.

Coherent Corp. (NYSE:COHR) Capitalizes on AI Demand, Solid Q1 Results Lead to Price Target Upgrade to $120

An innovative technician wearing a lab coat manipulating semiconductor chipsets in a modern laboratory.

A Look at ASML’s Q4 Results and Comments

The Dutch firm generated bookings of 7.1 billion euros last quarter, which was much higher than analysts’ average estimate of 3.5 billion euros. Moreover, its EPS came in at 6.85 euros, versus the mean

This is the hidden content, please

• Sign In
• or
• Sign Up

of 6.73 euros. ASML’s top line soared 28% versus the same ******* a year earlier to 9.26 billion euros. That was 200 million euros above analysts’ average

This is the hidden content, please

• Sign In
• or
• Sign Up

.

For Q1, ASML predicted that its revenue would come in at 7.5 billion euros to 8 billion euros, well above the average estimate of 7.24 billion euros,

“AI is the clear driver. We truly believe that AI is going to bring even more opportunity to this semiconductor industry.” CEO Christophe Fouquet stated. AI ” has created a shift in the market dynamics that is not benefiting all of our customers equally, which creates both opportunities and risks,” he added.

The Recent Price Action of ASML Stock

In the last month, the shares are up 3%, while they have risen 4.5% in the last three months.

While we acknowledge the potential of ASML, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ASML but that trades at less than 5 times its earnings, check out our report about the

This is the hidden content, please

• Sign In
• or
• Sign Up

.

READ ALSO 

This is the hidden content, please

• Sign In
• or
• Sign Up

 and

This is the hidden content, please

• Sign In
• or
• Sign Up

Disclosure: None. This article is originally published at Insider Monkey.

This is the hidden content, please

• Sign In
• or
• Sign Up

#ASML #Advancing #Today

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up