ASML Stock Poised for Growth Despite Lagging Nvidia's Surge
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Shares of Nvidia have surged over 200% in the past year due to booming demand for its AI chips, lifting the semiconductor sector. But ASML stock has lagged.
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ASML posted strong Q4 results, with revenue and earnings exceeding estimates. Orders also jumped 46% year-over-year to $10B.
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Demand for ASML's advanced EUV lithography machines is soaring thanks to growth in AI chips. Orders were up 65% in Q4.
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ASML trades at lower valuation multiples than Nvidia despite strong growth prospects in AI.
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Investors should buy ASML stock now while it's relatively cheap, before a potential bull run as its AI business expands.