ASML has tipped 2025 to be a year of ‘very significant’ growth
ASML Reclaims Title of Third-Biggest European Stock From Nestle
Bernstein upgrades stock in the latest bullish view from analysts
Tweet on ASML stocks fluctuation
@ASML has tipped 2025 to be a year of ‘very significant’ growth. Asml becomes the third most valuable stock in Europe, according to Bloomberg#chips #europe #stocks pic.twitter.com/V4Pk0wF5eo
— The_Journalbiz (@the_journalbiz) January 22, 2024
Bloomberg chart
ASML Holding NV reclaimed the position of Europe’s third-biggest listed company from Nestle SA after its shares were boosted by an upgrade from Bernstein analysts optimistic about the Dutch chip-equipment firm’s outlook.
Shares of ASML rallied to a two-year high on Monday, valuing the company at about $306 billion, compared with packaged-food giant Nestle at $301 billion. Only Novo Nordisk A/S and LVMH are worth more in Europe.
ASML’s share-price gains are underpinned by hopes of a recovery in spending by chipmakers on high-end equipment, after the company forecast that 2025 will see “very significant” growth following a limited increase in revenue this year. Key customer Taiwan Semiconductor Manufacturing Co. has pledged to retain a high level of investment, reflecting strong demand for chips used in artificial intelligence applications.
