Reported 6 months ago
Artificial intelligence (AI) technology is heavily dependent on hardware such as ASML's lithography machines that produce high-end chips vital for AI development. ASML holds a legal monopoly over its industry, with its extreme ultraviolet lithography systems being essential for creating powerful and efficient chips. The company's stock, although not cheap, is expected to see substantial growth in 2025, making it an attractive investment for those patient enough to wait for potential earnings to increase in the future.
Source: YAHOO