ASML Is Positioned For A Cyclical Upswing With EUV

CasarsaGuru ASML (NASDAQ:ASML) reported a continuation of the cycle downturn for q1’24 with anticipation of a continued decline into eq2’24 before realizing an upswing in the back half of the year. As the semiconductor manufacturing industry shifts production to more advanced chip nodes, transitioning to EUV is highly anticipated to cater to the demand. With both Intel (INTC) and Taiwan Semiconductor (TSM) receiving financing through the CHIPS Act to build new advanced node chip foundries in the US, I e ...