UBS Reaffirms Buy Rating on ASML Amidst Short-Term Stock Pullback

Despite a decline in share price, ASML received continued bullish support after UBS maintained its 'Buy' recommendation on January 20.

• Shares declined 2.39% on January 20, closing at $1326.07.
• The company's trajectory remains strongly tied to the sustained demand for AI chips and major clients' raised capital expenditure forecasts.