The chip company's products enable the manufacturing of AI chips designed by Nvidia, AMD, and Intel.
European chip stock ASML "is almost in a quasi-monopoly position" to drive developments in artificial intelligence over the next decade, according to fund manager Marcus Morris-Eyton.
a $380 billion Dutch company that's also listed in the United States, makes machines required in the manufacturing of the world's most advanced chips. Its customers include TSMC , which makes the AI chips designed by Nvidia , AMD and Intel , as well as Samsung and SK Hynix . The company dominates the market for lithography equipment, a central step in the chipmaking process in which beams of light are used to create the circuitry of chips.
line The company missed first-quarter sales expectations in April but beat profit forecasts. Shares fell by 7% on the day as the company provided what analysts labeled "soft" guidance for the current quarter. However, since ASML maintained its sales targets for next year, Wall Street analysts suggested that any pullback in the share price should be viewed as a buying opportunity.
Taiwan Semiconductor Manufacturing Co Ltd NVIDIA Corp Advanced Micro Devices Inc Intel Corp Samsung Electronics Co Ltd SK Hynix Inc SK Hynix Inc Infineon Technologies AG BE Semiconductor Industries NV Business News
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