Core Insights - Wall Street favors long-term investment strategies over market timing, emphasizing the importance of buying and holding high-quality companies that benefit from strong secular trends [1] Company Overview - ASML Holding is a key player in the global semiconductor industry, providing essential lithography systems for chip manufacturers [2] Financial Performance - In Q3, ASML reported total net sales of 7.5 billion euros and net income of 2.1 billion euros, with net sales remaining mostly flat year-over-year [3] Future Outlook - The company is preparing for the commercial rollout of its High-NA EUV lithography system, which features a 0.55 numerical aperture, allowing for higher resolution circuit pattern etching [4] - ASML anticipates increased orders for High-NA EUV systems starting in the second half of 2026, with shipments expected to begin in 2028 [5] Market Demand - ASML is positioned to benefit from the growing demand for advanced computing and memory chips, particularly in the context of AI infrastructure development [6]
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