ASML Poised for Growth as AI Investments are in Early Stages
Dow Jones
Jul 17
0901 GMT - ASML Holding's order visibility has improved dramatically for the next few years as clients spend on chips to build out artificial-intelligence infrastructure, Citi analysts write in a note to clients. They raise their target price on the Dutch supplier of semiconductor-making equipment to 2,200 euros from 1,675 euros and retain a buy rating. "ASML's 2Q reinforces our view that the AI-driven semi investment cycle remains in its early stages, with demand strength across both advanced logic and memory, and meaningful 2027 and 2028 orders already in hand," they say. ASML shares trade 4.5% lower at 1,526.80 euros amid a global tech selloff. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
July 17, 2026 05:02 ET (09:02 GMT)
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