Is ASML Stock a Buy Now?
Multiple secular trends are happening to drive long-term growth for companies in the semiconductor sector. These trends include the rise of artificial intelligence (AI), expansion in edge computing and increasing adoption of electric vehicles. All of these involve semiconductor components.
This bodes well for the company once known as Advanced Semiconductor Materials Lithography, and now simply called ASML (NASDAQ: ASML). It's the world's dominant provider of lithography tools for the semiconductor industry. These tools are essential for creating the microchips used in all manner of computing devices, including AI systems.
Yet, ASML's stock price is down 6% in 2024 through Dec. 19. Does this mean now is a good time to pick up shares? Here's an analysis to answer that question.
Source Fool.com
