ASML Holding(US:ASML) Ge Long Hui A P P·2025-10-14 09:44Core Viewpoint - ASML's stock has risen 45% in over a month, becoming the highest-valued listed company in Europe in September, marking its best monthly performance in 20 years. The key question ahead of the earnings announcement is whether the company can provide stronger guidance for next year compared to July [1]. Group 1: Stock Performance - ASML's stock has increased by 45% in a little over a month [1]. - The company became the highest-valued listed company in Europe in September [1]. - This performance marks ASML's best monthly results in 20 years [1]. Group 2: Market Expectations - Investors are looking for evidence that chip equipment manufacturers can capitalize on the current AI boom [1]. - There is a focus on whether increased capital expenditures related to AI from chip manufacturers are translating into ASML's order book [1]. - The recent stock increase has been primarily driven by hedge fund purchases, while long-term investors remain cautious [1]. Group 3: Management Guidance - There are concerns that management may not provide sufficiently clear guidance, despite a potentially more optimistic outlook for 2026 [1]. - The anticipation for stronger guidance ahead of the earnings report is high among investors [1].