ASML: Poised For Growth As The Semiconductor Industry Bounces Back

Pixelbizz/iStock Editorial via Getty Images ASML Holding N.V.'s (NASDAQ:ASML) stock has struggled between 2022 and 2024 as the semiconductor industry entered a cyclical downturn. The following chart from Omdia shows that annual semiconductor industry revenue growth peaked in 2021 and declined to 9% year-over-year in 2023. Omdia 2024 Last year, the semiconductor industry was in a chip supply glut, which hurt many of its customers and slowed ASML's sales growth. Although some experts believe the chip industry ...