ASML: The Overlooked AI Semiconductor Stock Primed for Growth
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Shares of Nvidia have surged 206% in the past year due to massive demand for its AI chips, but ASML stock has lagged despite being a key supplier.
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ASML sells semiconductor manufacturing equipment needed to produce advanced AI chips, and saw a big jump in orders last quarter.
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Demand for ASML's extreme ultraviolet lithography machines is booming thanks to growth in AI chips.
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ASML trades at cheaper valuations than Nvidia despite strong growth prospects in the AI semiconductor market.
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Analysts expect ASML's revenue growth to accelerate from 2025 onwards after a flat 2024, making now a good time to buy the stock.