CEO Christophe Fouquet detailed ASML's transition to its next-generation High NA EUV lithography machines. The company anticipates high-volume manufacturing by 2027–2028. This technological shift is crucial for producing advanced semiconductors required for AI and other demanding applications.
The global semiconductor market is projected to see significant growth, bolstering ASML's strategy. Financial analysts offered positive sentiment, with Bank of America designating ASML a "Top Pick." Separately, Citi reaffirmed its "Buy" rating.
Despite the positive outlook, ASML stock faced pressure amid a broader tech sector sell-off. The company also faces geopolitical scrutiny over alleged sales to entities linked to the Chinese military. ASML maintains compliance with all export laws.