Alex schreef op 13 september 2023 11:25:
www.tradingview.com/news/barchart:3fa...3 AI Chip Stocks to Buy Instead of the Arm IPO
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ASML
The final stock on our list is ASML, which is up 637% in the last decade. Valued at $247 billion by market cap, ASML designs and manufactures lithography equipment that is used to build semiconductors, which are then used for various AI applications. With a market share of 90% in the lithography market, ASML enjoys a wide economic moat and stable top-line growth.
Along with AI, the company’s chips are used in various markets, ranging from electronics to automotive and data centers. ASML forecasts semiconductor demand to grow by 9% annually through 2030, providing it with enough room to fuel top-line growth. It has already doubled sales from $11.8 billion in 2019 to $25.86 billion in the last 12 months.
Priced at about 30x forward earnings, ASML might seem expensive - but its earnings are forecast to grow by 23.2% annually in the next five years.
Out of the 12 analysts tracking ASML, eight recommend “strong buy,” and four recommend “hold.” The average target price for ASML is $805.17, which is nearly 30% above the current trading price.