A key company in the supply chain of biggest chipmakers.
Earnings coming up this month - price could potentially drop prior to earnings.
However, chips have seen a large tailwind in the recent weeks about AI spurring chip demand for 2025, that resulted in a lift for all chip maker stocks.
Micron recently outperformed their quarterly targets and saw an increase in stock of 17% intraday, coming down a bit lower to end the day.
Similarly, the AI tailwind could result in a similar uplift for ASML, as it is one of select companies offering a unique service that will be in increasing demand in the years to come.
The chart technical indicated a pennant, albeit slightly downward facing, indicating a risk of further downward movement. That being said, the industry news at large is overwhelmingly positive and slated for a rise in 2025 and with this risk reward ratio, it is a good hand to play while limiting downside risk.
Earnings coming up this month - price could potentially drop prior to earnings.
However, chips have seen a large tailwind in the recent weeks about AI spurring chip demand for 2025, that resulted in a lift for all chip maker stocks.
Micron recently outperformed their quarterly targets and saw an increase in stock of 17% intraday, coming down a bit lower to end the day.
Similarly, the AI tailwind could result in a similar uplift for ASML, as it is one of select companies offering a unique service that will be in increasing demand in the years to come.
The chart technical indicated a pennant, albeit slightly downward facing, indicating a risk of further downward movement. That being said, the industry news at large is overwhelmingly positive and slated for a rise in 2025 and with this risk reward ratio, it is a good hand to play while limiting downside risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.