Prediction: ASML Will Soar Over the Next 5 Years. Here's 1 Reason Why.

Quite a few stocks have benefited from the artificial intelligence (AI) boom, but ASML (NASDAQ: ASML) has been left behind recently. Shares of the leading maker of lithography equipment to manufacture semiconductors are now trading below their pandemic-era peak as a slower-than-expected rebound and a guidance cut recently sank the shares.However, the long-term picture for the stock still looks promising as the company has a formidable competitive advantage; it's the only maker of extreme ultraviolet lithography (EUV) machines, which are required to manufacture the most advanced chips.In the AI era, demand for these machines is likely to rise. Since they are very expensive, purchasing patterns tend to be cyclical and lumpy, explaining the company's recent setback.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool