ASML Positioned for AI-Driven Memory Chip Demand

15 days ago

Chloe Malay

"Yeah, absolutely. And that's good news for ASML, which rose that morning quite strongly as well um to actually to a record. And that's because of a a couple of things. But first, we had an upgrade from Bernstein analysts um saying that ASML will benefit a lot from a memory chip demand, which is of course driven by AI. Um but ASML is also riding the wave of quite a lot of enthusiasm in general for tech and AI stocks this morning. Um there's still concerns about the AI bubble, but uh investors are still continuing to put money into that AI theme that we saw uh TSMC shares in particular, for example, rallying massively after Goldman Sachs lifted the price target by 35% for that company, saying that AI will be a really a multi-year growth engine for for TSMC. and ASML is a big supplier to that company."

The speaker highlights that ASML is benefiting from an upgrade by Bernstein analysts, with expectations of strong performance driven by memory chip demand and the broader AI theme. Despite some concerns around an AI bubble, the overall sentiment is bullish as ASML is seen as a key supplier in the tech ecosystem, reinforcing its near-term positive outlook.

Related Stocks