Reported about 1 month ago
UBS Group AG has downgraded ASML Holding NV from buy to hold, citing the overhyped earnings growth potential linked to artificial intelligence. This decision comes after ASML's shares surged over 60% since UBS's initial buy rating in August 2022. Analysts predict a slowdown in revenue growth post-2025, as semiconductor companies may redirect spending away from ASML's lithography tools, limiting AI-related demand to just 10-15% of revenue. Despite the downgrade, ASML remains a buy for most Wall Street analysts.
Source: YAHOO