Colin Anderson Productions pty ltd/DigitalVision via Getty Images We previously covered ASML Holding N.V. (NASDAQ:ASML) (OTCPK:ASMLF) in June 2024, discussing why we had maintained our Buy rating despite the stock's premium valuations and stock prices. Given that generative AI remained in the early innings of hypergrowth, with multiple semiconductor and server companies guiding robust numbers and intensifying capex to capture the booming AI market, we had believed that the lithography equipment company ...

"我觉得要采取守势，不能再攻了。" 张勇在 0731 中国餐饮创始人大会上说。他演讲主题是 "品牌如何贵 气"。他说对品牌来说，重要的不是店多少、营业额或者利润高低，最关键是品牌是否归零。说这话的 时候，张勇他上身西装，下身西短 —— 因为 "生意不好"。 新荣记张勇：把死看明白了，现在很珍惜生 新荣记张勇：把死看明白了，现在很珍惜生 当一个趋势来临时，不同的人会有不同的应对方式。对新荣记创始人张勇来说，变化发生在去年 7 月。 Temu、Shein 美国广告战刹车 星巴克同店销售 -14%、瑞幸连续利润下滑 "红牛" 争夺战，中国和泰国红牛继续各执一词 芯片股怎么又大涨了？ 关注《晚点财经》并设为星标，第一时间获取每日商业精华。 张勇说自己属于打 "退休报告的人"，也有心把餐厅交给孩子接班，但大儿子更爱咖啡、小儿子 "还在拆 盲盒"。在讲了些对传承的看法后，张勇说 "我嘴上说得好，其实没做好，但我觉得这是一定要去做 的。" 但无论张勇以什么方式、找谁接班， 用他之前对我们讲的来总结 ，大概还是 "我们这种人死了之后灵魂 也在厨房"。而在他 7 月 31 日的演讲里，他也提到了生、死，不过是关于新荣记的。 以 ...

The chip equipment maker could be excluded from new export restrictions.Shares of ASML Holdings (ASML 7.38%), the world's largest provider of semiconductor manufacturing equipment, were moving higher today. They were buoyed by an analyst upgrade last night, news that it could be excluded from U.S. chip export restrictions on China, and a broad surge in chip stocks, following a strong earnings report from Advanced Micro Devices.As of 10:18 a.m. ET on Wednesday, the stock was up 7.4%. ASML bounces backJuly ha ...

The Dutch semiconductor giant ASML Holding NV (NASDAQ: ASML) was among the first companies to offer a significant stock market reaction to the reports that multiple crucial U.S. allies – the Netherlands, Japan, and South Korea being the three named by press time on July 31 – could be exempt from President Biden’s restrictions on high-tech exports to China.The stock, which has already offered a substantial 19.99% rise in 2024 but suffered a major 16.76% drop in the last 30 days, rocketed in Wednesday pre-mar ...

Key TakeawaysDutch firm ASML's shares soared as the U.S. reportedly prepares to exclude chip-equipment makers in the Netherlands, Japan, and South Korea from its latest set of trade curbs aimed at China's tech advance.According to Reuters, shipments from several exporters of key chipmaking equipment won’t be included from a Biden administration expansion of the Foreign Direct Product Rule next month.Places whose exports would be affected by the expanded curbs would include Taiwan, Israel, Singapore, and Mal ...

ToplineChip stocks rallied on Wednesday following a report the United States will exempt allies like Japan and the Netherlands from expected trade restrictions on advanced semiconductor technology, paring losses in the wake of a bruising tech stock rout the day before as investors question whether big tech’s big bets on AI are paying off.Semiconductor stocks rallied on Wednesday. Getty Images Key FactsStock for major computer chip companies in Japan, the Netherlands and South Korea soared after Reuters repo ...

Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China.Reuters reported on Thursday that the U.S. is considering expanding the so-called foreign direct product rule, but that allies that export key chipmaking equipment — including Japan, the Netherlands and South Korea — will be excluded.Exports to China from countries including Israel, Taiwan, Singapore and Malaysia will be impacted ...

Core Viewpoint - ASML Holding's shares have increased by 13.9% year to date, lagging behind the industry's 16.8% and the Zacks Computer & Technology sector's 17.2% growth, amidst a challenging macroeconomic environment [1] Company Performance - The company's resilience is attributed to its comprehensive product portfolio aligned with customer roadmaps, enabling cost-effective solutions for various applications [1] - ASML's investments, expanding position in the memory market, and increasing design wins are positive indicators for the company [1] - Increased pricing pressure from competitors like Lam Research and Applied Materials poses a risk for ASML [1] Industry Trends - The semiconductor industry is expected to recover in the second half of 2024, driven by the proliferation of artificial intelligence (AI) and advanced digital infrastructure needs [3] - Improving wafer fabrication equipment spending is a significant positive for ASML [3] - Demand for advanced nodes, particularly for 5G, AI, and high-performance computing, is increasing, benefiting ASML's product demand [3][4] Long-Term Growth Factors - ASML is making substantial investments in capacity ramp-up and technology innovation to capitalize on industry trends [5] - The company anticipates growth in memory revenues for 2024, driven by DRAM technology node transitions [5] - ASML's net system bookings in Q2 2024 reached EUR 5.6 billion, with EUR 2.5 billion from EUV bookings, indicating strong demand [5] Revenue and Earnings Estimates - The Zacks Consensus Estimate for ASML's 2024 revenues is $30.18 billion, reflecting a year-over-year growth of 1.3% [7] - The consensus estimate for 2024 earnings is $20.30, indicating a year-over-year decline of 5.7%, but has been revised upward by 0.9% in the past 30 days [7] Market Position and Valuation - ASML is well-positioned to benefit from AI proliferation and global electronics industry trends, enhancing its long-term prospects [7] - The company is currently trading at a forward 12-month P/E of 32.68X, compared to the industry's 27.27X, indicating a stretched valuation [9]

Core Viewpoint - Semiconductor equipment stocks, particularly ASML, are experiencing a correction despite solid fundamentals, driven by tepid Q3 guidance, sector rotation, and political risks [1][2][3] Company Overview - ASML's current stock price is $872.75, down 6.44% [2] - The company has a P/E ratio of 44.57 and a dividend yield of 0.73% [2] - The price target for ASML is set at $1,147.80, indicating a potential upside of 31.5% [4][5] Financial Performance - ASML reported net revenue of $6.73 billion, a 16% decline year-over-year but a 9% increase sequentially [3] - The company experienced a 35% increase in new units sold and a 200% increase in old units sold, although service revenues decreased [3] - Gross profits increased by 19% and net income by 29%, with GAAP EPS at $4.35, up 29% from the previous quarter [3] Market Outlook - Analysts believe the current correction is overblown and expect a solid Buy signal soon, as the robust demand outlook for semiconductor manufacturing equipment remains unchanged [2][4] - The guidance for Q2 is below consensus but is offset by a 55% increase in net bookings driven by EUV sales and expectations for sustained improvement due to AI [4][6] - Analysts project a significant boost in semiconductor spending next year, estimated at $120 billion, particularly focusing on advanced technologies like ASML's EUV systems [6] Stock Performance and Support Levels - ASML shares fell over 17% during the week of the earnings release and may remain under pressure [7] - The stock is currently below the 150-day EMA, a critical support level, with the next support target around $880 [7][8] - If the $880 level holds, a rebound in share prices could begin by late summer or early fall, driven by expectations of sequential improvements and AI-related spending [8]

ASML investors should focus solely on the long-term outlook.ASML (ASML -0.62%) dealt with a slew of bad news when it announced its financial results for the second quarter of 2024. The maker of semiconductor manufacturing equipment faces declining revenue even as customers demand more of the world's advanced chips.That's because restrictions on equipment sales to China reduce its revenue potential. Additionally, rhetoric from presidential candidate Donald Trump suggesting Taiwan may have to pay the U.S. for ...