ASML Stock Surges Back Into Buy Zone On Nvidia Results, AI Angle
ASML Stock Surges Back Into Buy Zone On Nvidia Results, AI Angle
Chip stocks have been soaring with Nvidia rocketing after the company trounced earnings estimates and provided what many pundits were quick to label as a guidance for the ages.
The move adds to a recent fever over AI-based technologies and stocks, which provide vast potential for growth.
ASML — making the IBD Big Cap 20 list and the current leader of IBD's semiconductor equipment group — offers a great buying opportunity for those wanting to ride the AI-growth trend.
Netherlands-based ASML produces lithography, metrology, and inspection systems for memory and logic chip manufacturers. Clients include big names such as Intel, Samsung and Taiwan Semiconductor.
ASML Stock Pops On Demand Outlook
The rosy outlook for Nvidia is especially sweet for ASML because Nvidia does not actually produce its own chips. It relies on Taiwan Semiconductor, which in turn needs ASML. Hence Thursday's rally in ASML stock should come as no surprise.
The move was even more meaningful because it moved ASML back into a buy zone, repassing a 683.28 buy point from a cup-with-handle base it originally passed on May 18.
For a supercharged growth story, ASML fits the bill.
The company expects net sales to increase 25% this year. After reporting earnings of $15.13 per share last year, EPS is estimated to increase to $20.39 and $24.50 in 2023 and 2024, respectively. With the results from Nvidia, it is likely that this guidance will be revised even higher.
As with any sector experiencing hype, investors need to be cautious. While it is clear that AI will drive some productivity growth, the question is whether current valuations are overly optimistic or pessimistic for future growth.
ASML Stock A Less-Volatile AI Play
Nevertheless, for investors wanting to dip their toes in the hot industry, ASML is a lower-risk bet than many of its highflying peers.
As a comparison, Nvida and Advanced Micro Devices have annualized volatility of 59% and 53%, respectively, over the past year. ASML stock has realized only 43% volatility.
In addition, with a strong competitive advantage over its peers, ASML's lithography systems are second to none, giving it significant pricing power for its products.
If the demand for chips remains robust, this could lead to soaring profits for the company. However, if higher interest rates and a global recession take hold, leading to lower chip demand, gains may quickly be reversed.
ASML stock boasts IBD's top Composite Rating of 99 and an EPS Rating of 95. Shares are currently trading in a buy zone and with a relative strength line back at new highs.
芯片股一直在飆升,英偉達 (Nvidia) 的收益超過預期,並提供了許多專家迅速標榜爲該時代的指導後,Nvidia 的股價飆升。
此舉加劇了最近對基於人工智能的技術和股票的熱潮,這些技術和股票提供了巨大的增長潛力。
ASML ——進入IBD Big Cap 20榜單併成爲IBD半導體設備集團的現任領導者——爲那些想要駕馭人工智能增長趨勢的人提供了絕佳的買入機會。
總部位於荷蘭的 ASML 爲存儲器和邏輯芯片製造商生產光刻、計量和檢測系統。客戶包括知名人士,例如 英特爾,三星和臺積電。
ASML 股票按需突破展望
對於ASML來說,Nvidia的前景尤其樂觀,因爲Nvidia實際上並沒有生產自己的芯片。它依賴於臺積電,而臺積電反過來需要ASML。因此,週四ASML股票的上漲不足爲奇。
此舉更有意義,因爲它使ASML回到了買入區域,從最初於5月18日突破的杯狀基礎上超越了683.28的買入點。
對於一個快速增長的故事來說,ASML 符合要求。
該公司預計今年的淨銷售額將增長25%。在去年公佈的每股收益爲15.13美元之後,預計每股收益將在2023年和2024年分別增加到20.39美元和24.50美元。根據Nvidia的結果,該指南很可能會進一步修訂。
與任何大肆宣傳的行業一樣,投資者需要謹慎行事。雖然很明顯,人工智能將推動部分生產率增長,但問題在於當前的估值對未來的增長是過於樂觀還是過於悲觀。
ASML 股票波動性較小的人工智能遊戲
儘管如此,對於想要涉足熱門行業的投資者來說,與許多飛速發展的同行相比,ASML是風險較低的選擇。
相比之下,Nvida 和 高級微設備 在過去的一年中,年化波動率分別爲59%和53%。ASML 股票的波動率僅爲 43%。
此外,ASML 的光刻系統與同行相比具有強大的競爭優勢,是首屈一指的,這爲其產品提供了強大的定價能力。
如果對芯片的需求保持強勁,這可能會導致該公司的利潤飆升。但是,如果更高的利率和全球經濟衰退持續下去,導致芯片需求減少,漲勢可能很快就會逆轉。
ASML股票擁有IBD的最高綜合評級爲99,每股收益評級爲95。股票目前在買入區內交易,相對強弱線又回到了新高。
譯文內容由第三人軟體翻譯。
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