Erste Group Upgrades ASML Inc. (ASML) to Buy
Erste Group analyst Hans Engel upgraded ASML Inc. (NASDAQ: ASML) from Hold to Buy.
The analyst comments "The company has a monopoly position in state-of-the-art lithography systems. The recent investment in the French AI start-up Mistral offers opportunities to diversify revenues and increase profitability. The share also recently benefited from the announcement that NVIDIA is acquiring a stake in Intel. On the one hand, this is positive for the prospects of Intel's foundational business and, on the other, for ASML, as the Group could increasingly supply Intel with machines in the future."
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Shares of ASML Inc. closed at $932.15 yesterday.