ASML Holding: Time To Cash Out (Rating Downgrade)

Pixelbizz/iStock Editorial via Getty Images I issued a “Strong Buy” rating on ASML Holding N.V. (NASDAQ:ASML) in my previous coverage published in March 2024, pointing out the growth propelled by the explosive demands for high bandwidth memory (HBM) in AI computing. The company released its Q2 FY24 result on July 17th with a recovery in its new bookings. The stock price fell more than 10% amidst concerns over tighter export restrictions to China. I think the near-term risk is quite high and uncertain. T ...