ASML Unveils Next-Gen Chipmaking Machine, Cementing Lead in Critical AI Manufacturing Tech
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ASML makes powerful lithography machines that enable cutting-edge chip manufacturing needed for AI. It just unveiled its next-gen EUV machine.
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ASML has a monopoly in EUV lithography, giving it a strong competitive position.
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ASML machine sales are lumpy but highly profitable due to the multi-million dollar price tag.
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2024 sales expected to be flat for ASML but 2025 should see strong growth.
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ASML stock is expensive, trading at 41X earnings, but has consistently delivered. Consider waiting for a pullback to buy.