Where Will ASML Be in 5 Years?
Artificial intelligence (AI) requires the most sophisticated logic chips and a boatload of high-bandwidth DRAM memory (HBM). But neither of those two essential building blocks can be produced without extreme ultraviolet lithography (EUV) machines.
Thus, you may be surprised to learn that the company with a monopoly on EUV technology, ASML Holdings (NASDAQ: ASML), has actually seen a pretty big pullback in its stock. In fact, the stock is roughly 40% below its July all-time highs and down 10.5% on the year.
Why would that be? And is the current pullback an opportunity for long-term investors? To assess, let's dig in to the prospects for ASML and the 2030 projections it just gave at its November Investor Day.
Source Fool.com
