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.
芯片股一直在飙升,英伟达 (Nvidia) 的收益超过预期,并提供了许多专家迅速标榜为该时代的指导后,Nvidia 的股价飙升。
此举加剧了最近对基于人工智能的技术和股票的热潮,这些技术和股票提供了巨大的增长潜力。
ASML ——进入IBD Big Cap 20榜单并成为IBD半导体设备集团的现任领导者——为那些想要驾驭人工智能增长趋势的人提供了绝佳的买入机会。
总部位于荷兰的 ASML 为存储器和逻辑芯片制造商生产光刻、计量和检测系统。客户包括知名人士,例如 英特尔,三星和台积电。
ASML 股票按需突破展望
对于ASML来说,Nvidia的前景尤其乐观,因为Nvidia实际上并没有生产自己的芯片。它依赖于台积电,而台积电反过来需要ASML。因此,周四ASML股票的上涨不足为奇。
此举更有意义,因为它使ASML回到了买入区域,从最初于5月18日突破的杯状基础上超越了683.28的买入点。
对于一个快速增长的故事来说,ASML 符合要求。
该公司预计今年的净销售额将增长25%。在去年公布的每股收益为15.13美元之后,预计每股收益将在2023年和2024年分别增加到20.39美元和24.50美元。根据Nvidia的结果,该指南很可能会进一步修订。
与任何大肆宣传的行业一样,投资者需要谨慎行事。虽然很明显,人工智能将推动部分生产率增长,但问题在于当前的估值对未来的增长是过于乐观还是过于悲观。
ASML 股票波动性较小的人工智能游戏
尽管如此,对于想要涉足热门行业的投资者来说,与许多飞速发展的同行相比,ASML是风险较低的选择。
相比之下,Nvida 和 高级微设备 在过去的一年中,年化波动率分别为59%和53%。ASML 股票的波动率仅为 43%。
此外,ASML 的光刻系统与同行相比具有强大的竞争优势,是首屈一指的,这为其产品提供了强大的定价能力。
如果对芯片的需求保持强劲,这可能会导致该公司的利润飙升。但是,如果更高的利率和全球经济衰退持续下去,导致芯片需求减少,涨势可能很快就会逆转。
ASML股票拥有IBD的最高综合评级为99,每股收益评级为95。股票目前在买入区内交易,相对强弱线又回到了新高。