ASML Investors Are Selling Despite Growing AI Demand. Should You Follow Suit or Buy the Dip?
ASML Holding(ASML) The Motley Fool·2024-04-20 13:14
It's not a bargain buy, but it is a business gearing up for a boom.Dutch tech giant ASML Holdings (ASML -3.32%) makes equipment that's crucial for the semiconductor market. And on April 17, the company reported financial results that sent the stock sliding.For context, before the financial report, ASML stock was up roughly 50% over the past year and had even hit an all-time high. At its peak, the company was valued at over $400 billion, fueled by investor enthusiasm for artificial intelligence (AI).AI fuels ...