Is ASML Holding Stock a Buy Now?
ASML Holding (NASDAQ: ASML) stock fell sharply after the company released its first-quarter 2024 results on April 16, dropping 7% in a single session as the semiconductor giant's outlook was clouded by the ongoing tariff-related turmoil.
The Dutch company, which makes semiconductor manufacturing equipment used by leading chipmakers and foundries around the globe, delivered stronger-than-expected quarterly results that were ahead of Wall Street's expectations. However, ASML's revenue guidance for the current quarter fell short of expectations, though the good news is that the company hasn't changed its full-year guidance despite the uncertainty.
Let's take a closer look at ASML's latest results and check whether the stock's steep drop could be a buying opportunity.
Source Fool.com
