ASML Holding reaffirmed its 2030 targets, easing investor concerns after last month’s profit warning. The Dutch chip equipment maker's stock rose 5% in Amsterdam, though it's still down 3% year-to-date. CEO Christophe Fouquet highlighted ASML’s focus on scaling extreme ultraviolet lithography and expanding its lithography portfolio, aligning with AI-driven growth. Jefferies analysts noted this reiteration suggests accelerated growth from 2025-2030. ASML forecasts global semiconductor sales to top $1 trillion by 2030, projecting a 9% annual market growth rate from 2025.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02ASML holding reaffirmed its 2030 targets, easing investor concerns after last month's
00:07profit warning. The Dutch chip equipment maker's stock rose 5% in Amsterdam,
00:11though it's still down 3% year-to-date. CEO Christophe Fouquet highlighted ASML's focus
00:17on scaling extreme ultraviolet lithography and expanding its lithography portfolio,
00:23aligning with AI-driven growth. Jeffrey's analysts noted this reiteration suggests
00:27accelerated growth from 2025 through 2030. ASML forecasts global semiconductor sales
00:34to top $1 trillion by 2030, projecting a 9% annual market growth rate from 2025.
00:41For all things money, visit Benzinga.com.