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☆ 'AI shopping list': Morgan Stanley names its top global picks to play the AI theme
▼ + stars: | 2024-08-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The buzz around artificial intelligence may have quietened after a volatile week for some of the sector's biggest names, but Morgan Stanley continues to see promise in a raft of European stocks. Morgan Stanley's "European AI shopping list" includes names ranging from semiconductor equipment and data center plays to software and healthcare companies. Morgan Stanley has a target price of 1,000 euros ($1,092) on the stock, giving it over 27.5% potential upside. Segro Morgan Stanley describes British REIT Segro as the "landlord of Europe's largest cluster of data centers." Morgan Stanley has a target price of 224 euros on the stock, giving it around 18.3% upside potential.

Persons: Morgan Stanley, Morgan Stanley's, ASML Morgan Stanley, Lee Simpson, ASML's, Simpson, Segro Morgan Stanley, Segro, Bart Gysens, SAP Morgan Stanley, Adam Wood, Merck KGaA, Morgan, Thibault Boutherin, Boutherin, — CNBC's Michael Bloom Organizations: Apple, Euronext, Nasdaq, London Stock Exchange, Euronext Paris, American Depository, SAP, Frankfurt Stock Exchange, New York Stock Exchange, Merck, EMD Group, Canada, Merck KGaA's Electronics Locations: Europe, TSMC, Euronext Amsterdam, U.S, United States, Frankfurt

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Roblox, Netflix, Amazon, Tesla, McDonald's, Affirm & more
▼ + stars: | 2024-07-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates BrightView as buy Loop said it's bullish on shares of the commercial landscaping company. Evercore ISI reiterates Apple as outperform Evercore said it's bullish ahead of Apple earnings later this week. " Bank of America reiterates Roblox as buy Bank of America said it's standing by Roblox ahead of earnings on August 1. Deutsche Bank reiterates McDonald's as buy Deutsche said it's standing by the fast food giant following earnings. Bank of America reiterates Goldman Sachs as buy Bank of America said top pick Goldman Sachs has "cyclical/secular tailwinds."

Persons: Evercore, it's, Jensen Huang, Nvidia's Blackwell, Blackwell, KBW, Oppenheimer, Wells, Roblox, Tesla, McDonald's, Baird, Edward Jones, Goldman Sachs, ROE resiliency, Morgan Stanley, Wells Fargo Organizations: Apple, Citi, Nvidia, " Bank of America, of America, Barclays, UBS, Amazon, Netflix, Bank of America, JPMorgan, RBC, Tesla, Deutsche Bank, Deutsche, Whirlpool, underperform Bank of America, Abbott Laboratories, Abbott Labs, Edward, Stock, 2Q, PNC, WF

Analyst Alex Henderson reiterated his buy rating for the cybersecurity firm but lowered his price target to $375 from $425. JPMorgan analyst Kenneth Worthington attributed a higher assumption for total crypto market cap as one reason for his price target raise. "We see the cryptoecosystem in the midst of a material participation rally, benefitting Coinbase revenue generation near term," the analyst wrote. Analyst Eric Joseph's December 2025 price target of $8 implies a 51% decline ahead for the stock. He also maintained his $725 price target, which implies upside of 15.6% from Monday's close.

Persons: Oppenheimer, Needham, Alex Henderson, CrowdStrike, Henderson, Lisa Kailai Han, Keefe, Bruyette, Meyer Shields, Shields, — Lisa Kailai Han, Kenneth Worthington, JPMorgan downgrades, Eric Joseph's, Joseph, Chipmaker, Simon Coles, Coles, Jason Helfstein, NFLX, Fred Imbert Organizations: CNBC, Barclays, Netflix, Security, Aon, JPMorgan, Sanofi Locations: Woods, Coinbase, China, Monday's

Analyst Didier Scemama reiterated his buy rating and kept his $1,406 12-month price target on the stock, which implies shares can jump 50.8%. She noted that Palo Alto, which is up 12.5% year to date, continued to soar even as growth in cybersecurity-tied AI winners slowed. "However, consensus expects a sharp reacceleration in dollar growth from FY26 onwards, which we view as unlikely," the analyst added. "We view Palo Alto more defensive as it is skewed to a stickier customer base and a wider moat." — Pia Singh 5:45 a.m.: Baird upgrades elf Beauty There's a big buying opportunity in elf shares, according to Baird.

Persons: Baird, Morgan Stanley, Didier Scemama, Scemama, — Pia Singh, Dan Dolev, Dolev, Nina Marques, Marques, Palo, Morgan, Alex Straton, Straton, Mark Altschwager, Altschwager, — Fred Imbert Organizations: CNBC, Bank of America, of America, CMD, Mizuho, Mizuho Securities, Walmart, Palo Alto Networks, Palo, Palo Alto, Trump Locations: U.S, Palo Alto, Wednesday's, cybersecurity, China

☆ Global chip stocks from Nvidia to ASML fall on geopolitics, Trump comments
▼ + stars: | 2024-07-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Global chip stocks fell sharply, with ASML , Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump. ASML's Netherlands-listed shares were down 11%, while Tokyo Electron shares in Japan closed nearly 7.5% lower. The moves came after Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. Washington's foreign direct product rule, or FDPR, allows the U.S. to put controls on foreign-made products even if they use the smallest amount of American technology. CNBC has reached out to the U.S. State Department, the Bureau of Industry and Security, and the Office of the U.S. Trade Representative for comment on the report.

Persons: Donald Trump, Biden Organizations: ASML, Nvidia, ASML's, Tokyo, AMD, Marvell, Qualcomm, Broadcom, Bloomberg, CNBC, U.S . State Department, of Industry, Security, U.S . Trade Locations: U.S, ASML's Netherlands, Japan, China

☆ These are Jefferies best stock ideas heading into the second half
▼ + stars: | 2024-06-28 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Jefferies highlighted its best global stock picks as the second half of the year approaches, representing the firm's highest-conviction stocks with a buy rating. With its price target at 1,260 euros, he sees about 22.6% upside from Thursday's close. BofA also raised its price target by $193, or 146 euros, and maintained its buy rating on the stock. Petersen anticipates stock upside due to a stronger growth rate of data center chip sales. On Wednesday, the firm upgraded the stock to outperform from market perform and raised its price target by $26 to $170.

Persons: Jefferies, Janardan Menon, Menon, BofA, Lloyd Byrne, Jonathan Petersen, Petersen Organizations: Bank of America, Union semicaps, ConocoPhillips, Marathon, Digital Realty, BMO Capital Markets, Microsoft, Nintendo Locations: United States, Latin America, Europe, Middle East, Africa, Asia

Oppenheimer raised its price target on Walmart to $75, reiterating its outperform rating on shares. Goodall's $70 price target implies 32.3% potential upside for the stock, which has advanced 28.2% this year already. His price target of $165, up from $145, implies upside of nearly 22% over the next 12 months. COF YTD mountain — Fred Imbert 5:42 a.m.: Oppenheimer hikes price target on Walmart, supports premium valuation for shares Walmart shares are still positioned for steady outperformance, according to Oppenheimer. Analyst Rupesh Parikh reiterated his outperform rating and lifted his price target by $6 to $75, which suggests shares could climb 11.8%.

Persons: Oppenheimer, Jefferies, Goldman, Didier Scemama, Scemama, — Pia Singh, Goldman Sachs, Toshiya Hari, Jensen Huang, Hari, James Goodall, Goodall, John Hecht, Hecht, Fred Imbert, Rupesh Parikh, Parikh Organizations: CNBC, Walmart, buildout Bank of America, Nvidia, United Airlines, Atlantic, Delta, United, Jefferies, Discover Financial Locations: North America, Taiwan, COF

☆ Move over 'Magnificent 7,' the 'Fantastic 5' may offer higher earnings and return potential
▼ + stars: | 2024-06-06 | by ( Pia Singh | ) www.cnbc.com time to read: +6 min

Looking for a less risky way to find growth stocks amid all the artificial intelligence hype? Looking ahead, Thornburg expects the Fantastic Five's outperformance to continue, with the forward price-to-earnings ratio of the European group falling below the seven U.S. stocks starting in 2026 and running through 2028. The money manager also projected that the European group will increase earnings 18% a year over the next three years versus 14% for the "Mag 7." ASML, the biggest producer of the equipment used to manufacture semiconductors, makes "leading-edge" lithography equipment needed to produce AI chips, Anderson said. He manages the Thornburg International Growth Fund , a concentrated portfolio of high-quality companies based outside the U.S., which has gained 8.8% year-to-date.

Persons: Nicholas Anderson, Anderson, Thornburg, It's, it's, FactSet, ASML Organizations: Thornburg Investment Management, Novo Nordisk, ASML, LVMH, AstraZeneca, SAP, Nvidia, Big Tech, Microsoft, Apple, GLP, Nordisk, Taiwan Semiconductor, Bloomberg, Growth Fund Locations: U.S, Novo, Europe, Belgium

☆ This 'quasi monopoly' chip stock will drive AI trend for the next decade, says fund manager
▼ + stars: | 2024-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

European chip stock ASML "is almost in a quasi-monopoly position" to drive developments in artificial intelligence over the next decade, according to fund manager Marcus Morris-Eyton. Its customers include TSMC , which makes the AI chips designed by Nvidia , AMD and Intel , as well as Samsung and SK Hynix . Shares fell by 7% on the day as the company provided what analysts labeled "soft" guidance for the current quarter. Earlier this week, the company opened a test laboratory for its next-generation lithography equipment with Belgium chip research firm Imec. "Ultimately, if you need AI, if you need [electric vehicles], if you need data centers, you need more chips," Morris-Eyton added.

Persons: Marcus Morris, that's, ASML, It's, Francois, Xavier Bouvignies, Tammy Qiu, Didier Scemama, Marie Ganneval, Eyton, Morris Organizations: Nvidia, AMD, Intel, Samsung, SK Hynix, U.S, Infineon, BE Semiconductor, Wall Street, UBS, of America, AllianceBernstein's, ASML, CNBC Locations: United States, TSMC, Belgium, Veldhoven, Netherlands, ASML

☆ ASML, Belgium's Imec open laboratory to test newest chip-making tool
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +1 min

ASML , the biggest maker of equipment used to manufacture semiconductors, said on Monday it has opened a test laboratory for its High NA EUV lithography equipment, together with Belgium chip research firm Imec. Among chip manufacturers, only TSMC, Samsung, Intel and memory specialists SK Hynix and Samsung are able to manufacture using ASML's current generation of extreme ultraviolet or EUV machines. The new High NA tool allows for up to 60% better resolution, and is expected to lead to new generations of smaller, faster chips. ASML repeated on Monday that it expects customers to begin commercial manufacturing with the tool in 2025-2026. To date ASML has only shipped one other test machine, to Intel in the United States, which plans to use the tool in its 14A process in 2025.

Persons: ASML Organizations: ASML, Samsung, Intel, SK Hynix Locations: Veldhoven, Netherlands, Belgium, United States

☆ The world's top chipmakers can push a 'kill switch' should China invade Taiwan, Bloomberg reports
▼ + stars: | 2024-05-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewTwo of the world's most important chip companies can push a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday. But Nvidia CEO Jensen Huang told Bloomberg TV on Tuesday that that the world's tech sector is likely to continue depending on Taiwanese manufacturing for "some time."

Persons: —, Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany

☆ The world's top chipmakers can flip a 'kill switch' should China invade Taiwan, Bloomberg reports
▼ + stars: | 2024-05-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewTwo of the world's most important chip companies can flip a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. The Dutch company has also said it will stop servicing some equipment previously exported to China. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday.

Persons: —, Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang, TSMC Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany, ASML

☆ Dutch minister confident ‘crown jewel’ chip firm ASML will stay in Netherlands after threat to leave
▼ + stars: | 2024-04-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

A top Dutch government minister said he's confident the country's coveted chip-equipment maker ASML will remain in the Netherlands following threats from the company to move its operations abroad. Steven van Weyenberg, the Netherlands' finance minister, told CNBC's Karen Tso on Thursday that he isn't worried by ASML's statements threatening to leave the country. The company makes extreme ultraviolet lithography (EUV) machines, which are critical to the semiconductor industry for manufacturing integrated circuits. "I think many people, many countries would love to welcome ASML, but I think they're strongly embedded in the Netherlands," Van Weyenberg told CNBC Thursday. "I'm very optimistic about ASML's future and that it will be within the Netherlands," he said.

Persons: he's, Steven van Weyenberg, Karen Tso, Peter Wennink, Van Weyenberg, ASML Organizations: CNBC Locations: Netherlands

☆ ASML earnings drag semiconductor stocks lower
▼ + stars: | 2024-04-17 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Chip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61% sequentially during the first quarter, a steeper drop than investors had expected. During trading on Wednesday, AMD's stock fell over 4%, Nvidia shares fell about 3%, Intel shares fell nearly 2% and Qualcomm was off 2%. But the biggest drop affected chip technology firm Arm , which was trading nearly 10% lower on Wednesday. ASML fell over 8% on a day when the entire S&P 500 index was only down less than 1%. ASML also said that it expected that government subsidies for chip factories, such as the CHIPS Act in the U.S., would boost its sales.

Persons: Carl Zeiss ZMT, ASML, Peter Wennink, Wennink, Christophe Fouquet Organizations: Nvidia, Intel, Qualcomm, Samsung, Apple Locations: Taiwan, South Korea, U.S, China

☆ Critical chip firm ASML posts profit beat but sales miss expectations with 22% drop
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML's net sales fell in the middle point of the company's guidance. ASML on Monday said first-quarter profit beat expectations while sales missed forecasts, with the company sticking to its full-year outlook. ASML has previously said it expects net sales for 2024 to be similar to 2023 and reiterated this projection on Monday. ASML previously said that export restrictions would impact 10% to 15% of China sales this year.

Persons: Joe Biden's, ASML, Peter Wennink, ASML's bullishness, Roger Dassen Organizations: Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: Netherlands, China, U.S, America

The 2024 Sohn Investment Conference took place in New York took place Wednesday, with a slew of hedge fund managers highlighting their top ideas. Here are some of the top picks mentioned: Vijay Shilpiekandula, Dilation Capital Investment Idea: ASML Vijay Shilpiekandula of Dilation Capital, who was named the Sohn Idea Contest Winner, presented ASML as his best stock idea. Jesse Cohn, Elliott Investment Management Investment Idea: Etsy E-commerce platform Etsy is an undervalued company, according to Elliott Investment Management managing partner Jesse Cohn. Seth Fischer, Oasis Management Investment Idea: Kao There's an underappreciated buying opportunity in Japanese global chemicals company Kao, according to Seth Fischer, founder and CIO at Oasis Management. David Einhorn, Greenlight Capital Investment Investment idea: Solvay Greenlight's David Einhorn unveiled Solvay as his top investment idea , saying the European chemicals company is a market leader with an attractive valuation.

Persons: Vijay Shilpiekandula, Vijay, ASML, Shilpiekandula, Jesse Cohn, Etsy, Cohn, Seth Fischer, Kao, Fischer, David Einhorn, Solvay, Einhorn, Michael Buckley, Natera, Buckley, Mohammed Anjarwala, Carpenter, Anjarwala Organizations: Elliott Investment Management Investment, Elliott Investment Management, Body, Oasis Management Investment, Oasis Management, Nikkei, Greenlight Capital Investment Investment, Solvay, Duquesne Family, Duquesne Family Office, Global, Technology Carpenter Technology, Boeing, Airbus Locations: New York, Europe, Bath

☆ The 'next big thing' in tech will come from these areas, UBS says — naming stocks to play the theme
▼ + stars: | 2024-03-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The "next big thing" in tech will come from sectors such as enabling tech — which includes artificial intelligence and cybersecurity — as well as healthtech, greentech and fintech, UBS said. Here are some names from UBS' list and what it says about each stock. "The medical surgical and neurological business has also returned to strong growth as the pandemic impact fades," the bank said. Broadcom : UBS says that Broadcom boasts a "market-leading" position in semiconductor design. Its greentech picks include French industrial gases and services company Air Liquide , French utility firm Engie , and German chemicals firm Wacker Chemie .

Persons: —, Stryker, ASML, — CNBC's Michael Bloom Organizations: UBS, fintech, Baidu, ASML, Broadcom, 5G, Intercontinental Exchange, Mastercard, Air, Wacker Chemie Locations: Wacker

☆ Goldman Sachs likes these five stocks coming out of earnings, including this hot chip name
▼ + stars: | 2024-02-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Analysts at Goldman Sachs have highlighted a handful of tech stocks with upside as earnings season begins to wind down. The S & P 500 tech sector posted an earnings growth rate of 21.6% in the fourth quarter. Arm Analyst Toshiya Hari is standing by shares of the semiconductor and software design company. Arm delivered a blowout fiscal third-quarter earnings report earlier this month, and the sky is the limit for the company, according to the firm. ASML The semiconductor company posted beats on its latest earnings report , but warned that it expects sales to be flat this year compared to 2023.

Persons: Goldman Sachs, Hari, Kash Rangan, Rangan, Monday.com, Alexander Duval, Duval, ASML, ANET Organizations: Goldman, CNBC, Arista Networks, Arm Holdings, ASML, Data Center, Automotive, Microsoft, Nvidia, TAM, …, Software Locations: China

☆ Alibaba, ASML and more: Jefferies reveals its 'highest-conviction' stocks to buy — and one has 118% upside
▼ + stars: | 2024-02-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Investment bank Jefferies has revealed its top stock picks that are exposed to major themes like innovation, new products, and emerging markets. The investment bank forecasts Prudential shares will rise 118% to 18,000 British pence over the next 12 months. The investment bank expects Hong Kong-listed shares of Alibaba to rise to 128 Hong Kong dollars ($17), which implies an 84% upside potential. The investment bank expects shares to rise 57% over the next 12 months. The investment bank believes ASML's current valuation of 33 times forward earnings is too low since it forecasts 49% earnings growth over the next two years.

Persons: Jefferies, Prudential Jefferies, Prudential's, Anil Wadhwani, Eddie Wu, Wu, Alibaba's, Joe Dickerson, Dickerson, — CNBC's Michael Bloom Organizations: Prudential, Jefferies, Hong, U.S, HSBC Jefferies, HSBC, ASML Semiconductor, DexCom Locations: U.K, Asia, China, India, Africa, Hong Kong, Alibaba

☆ Here are Monday's biggest analyst calls: Tesla, Nvidia, Apple, AMD, Home Depot, Western Digital & more
▼ + stars: | 2024-01-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Northland downgrades Advanced Micro Devices to market perform from outperform Northland downgraded the stock mainly on valuation. " Bernstein reiterates Apple as market perform Bernstein said it expects "not great" Apple earnings on February 1. William Blair downgrades Vita Coco to market perform from outperform William Blair said it's concerned about higher costs for the beverage company. Raymond James downgrades Comerica to market perform from outperform Raymond James said the earnings outlook looks too challenging for Comerica. "We are downgrading CMA shares from Outperform to Market Perform and reducing our 2024 EPS estimate to reflect its initial 2024 outlook."

Persons: Bernstein, Hunt, KeyBanc, Key, it's, Morgan Stanley, Oppenheimer, Lowe's, Goldman Sachs downgrades Archer, Daniels, Goldman, Vikram Luthar, William Blair downgrades Vita Coco, William Blair, Wolfe, NiSource, Tesla, Goldman Sachs, Stone, Evercore, Raymond James downgrades, Raymond James Organizations: Bernstein, Pacific, Norfolk, Union Pacific, NSC, UBS, Devices, Northland, AMD, Western, Home Depot, Apple, HSBC downgrades Lululemon, Daniels Midland, ADM, TAM, Airlines, Barclays, Netflix, JPMorgan, Xerox JPMorgan, Raymond James downgrades Comerica, Comerica, CMA Locations: Norfolk Southern, Northland, Brazil

☆ Dutch lawmakers question new US export restrictions on ASML chip machine
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Oct 25 (Reuters) - Several Dutch lawmakers on Tuesday challenged the Netherlands' Trade Minister over whether the U.S. has acted correctly in unilaterally imposing new rules regulating the export to China of another chipmaking machine made by ASML Holding (ASML.AS). The U.S. last week announced new rules giving Washington the right to restrict the export of Veldhoven-headquartered ASML's Twinscan NXT1930Di machine if it contains any U.S. parts at all. The deep ultraviolet (DUV) lithography machine can be used to help make both relatively advanced computer chips as well as mid-range and older chips. The U.S. has pressured the Dutch government not to export any of its most advanced machines to China since 2019, and in June the Dutch government introduced its own licensing requirement for slightly less advanced machines. ASML dominates the market for lithography equipment, used by chipmakers such as TSMC (2330.TW), Samsung (005930.KS) and Intel (INTC.O) to help create the circuitry of chips.

Persons: Liesje Schreinemacher, ASML, Schreienmacher, I've, Valdis Dombrovskis, Theirry, Toby Sterling, Jamie Freed Organizations: Trade, ASML, . Trade, U.S, Washington, Samsung, Intel, European Trade, Internal, Thomson Locations: AMSTERDAM, Netherlands, U.S, China, Taiwan, South Korea

☆ ASML warns of flat 2024 sales as chipmakers slow orders
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

The company reported net profit of 1.9 billion euros ($2.01 billion) for the three months ended Sept. 30, in line with analyst expectations. Net bookings were 2.6 billion euros, compared with third quarter sales of 6.7 billion euros. "Consensus expectations still call for 7% sales growth next year, which should come down today," Stifel analysts said in a note. Dassen said ASML still had an order backlog of 35 billion euros and a strong 2025 would follow an uncertain 2024, given its customers' expansion plans in Asia, the United States and Europe. Dassen said the company did not expect any financial impact from an updated U.S. policy announced Tuesday restricting sales of semiconductor equipment to China.

Persons: they're, Roger Dassen, Dassen, ASML, Toby Sterling, Victor Goury, Rashmi Aich, Mark Potter Organizations: Jefferies, Semiconductor, ASML, Samsung, Intel, Thomson Locations: AMSTERDAM, Amsterdam, Asia, United States, Europe, China, Taiwan, South Korea

☆ ASML is a top pick despite mixed third-quarter results, Bank of America says
▼ + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Bank of America is confident in semiconductor equipment maker ASML Holding as a long-term play despite the company's mixed earnings report. The Dutch technology firm reported slightly weaker-than-expected net sales for third quarter and a net profit that was about in line with an LSEG consensus forecast. Those figures — €6.67 billion for net sales and €1.89 billion in net sales — represent quarter-over-quarter declines. Still, ASML reaffirmed its guidance for net sales to increase 30% year on year for 2023. ASML YTD mountain ASML stock.

Persons: Didier Scemama, ASML, — CNBC's Michael Bloom Organizations: of America, ASML, Bank of America Locations: Dutch, China

☆ ASML CEO says he expects demand from China will remain strong
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

ASML logo is seen in this illustration taken February 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAMSTERDAM, Oct 18 (Reuters) - The chief executive of Dutch semiconductor equipment maker ASML Holding NV said on Wednesday he expected demand from Chinese chipmakers to continue to be strong, despite export restrictions imposed by the U.S. and Dutch governments. He added that the export restrictions impact around 15% of ASML's sales to China, which is the company's third-largest market after Taiwan and South Korea. Earlier on Wednesday ASML warned that 2024 sales may be flat. Reporting by Toby Sterling; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Peter Wennink, Toby Sterling, Alex Richardson Organizations: REUTERS, Rights, ASML, U.S, Thomson Locations: China, Taiwan, South Korea

☆ ASML sees no short-term impact of updated U.S. rules on China exports
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

ASML logo is seen at the headquarters in Veldhoven, Netherlands June 16, 2023. REUTERS/Piroschka van de Wouw/File Photo Acquire Licensing RightsAMSTERDAM, Oct 17 (Reuters) - ASML (ASML.AS), a major supplier of equipment to computer chip manufacturers, said on Tuesday it does not expect any short-term financial impact from newly updated guidance on U.S. restrictions on exports to China. "We do not expect these measures to have a material impact on our financial outlook for 2023" or longer term financial forecasts, it said. The company added in the statement that it is still studying new guidelines announced by the Biden administration overnight. Previous rounds of restrictions from the U.S. government have barred the company from selling its most advanced products to customers in China.

Persons: de, Biden, Toby Sterling, Jan Harvey Organizations: REUTERS, Rights, U.S, Thomson Locations: Veldhoven, Netherlands, China, The Netherlands, U.S, Taiwan, South Korea

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