ASML Holdings (ASML) Q1 Bookings Eu3.61b, Est. Eu4.63b
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Share price weakness in this AI chipmaker is a buying opportunity - analysts
April 18, 2024 10:00 AM EDTAnalyst at Jefferies highlighted a weakening chipmaker stock that they believe represents a buying opportunity as they expect orders to rebound for the company.
The stock in question is ASML Holdings (NASDAQ: ASML). The firm explained that order weakness at the company is primarily because of an ongoing order drought from TSMC due to delays in concluding commercial discussions... More
ASML slides as Q1 sales fall short but firm still on track for 2025 revenue target
April 17, 2024 3:39 AM EDT(Updated - April 17, 2024 5:40 AM EDT)
Shares of ASML Holdings (NASDAQ: ASML) dropped more than 4% in European trading Wednesday after the company reported worse-than-expected sales for the fiscal Q1 2024.
The chipmaker reported net sales of 5.29 billion euros, slightly below the anticipated 5.39 billion euros.
Net profit was reported at 1.22 billion euros, exceeding the forecasted 1.07 billion euros.
Compared to the previous year, net sales decreased by 21.6%, and net income saw a significant reduction of... More
