AI-Linked US Semiconductor Stocks Brace For Red Wednesday As Analyst Downgrades Dutch Chipmaker ASML

Quick Summary:

Following Tuesday's bloodbath in the U.S.semiconductor sector, there seems to be no relief in sight as Swiss investment bank UBS downgraded ASML Holding NV (NASDAQ:ASML) from Buy to Neutral Wednesday, slashing its price target on the Dutch chipmaker due to expected slower earnings growth in the coming years.

Despite ASML being recognized as one of Europe’s top technology companies, UBS analysts led by Francois-Xavier Bouvignies said "investors will likely be less willing to pay the premium multiple that the Dutch chipmaker has commanded over the last few years".

Related Link: ASML’s China Business In Crosshairs Of Dutch Government: Semiconductors At Center Of East-West Tensions

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesChina

Topics: SOXX Price Target Top Stories NVDA Equities Artificial intelligence Analyst Color US0079031078 Benzinga USN070591862 US4581401001 AMD US67066G1040 US4642875235 Downgrades Global INTC Large Cap Tech Expert Ideas Markets Sector ETFs Analyst Ratings Broad U.S. Equity ETFs ASML AI Semiconductors Macro Economic Events Economics SMH ETFs US8166362033 Stories That Matter

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Published On: 2024-09-04 @ 13:16:02 (10 hours ago)

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