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20.11.2024 16:00:00

Is It Finally Time to Buy This Beaten-Down Artificial Intelligence (AI) Stock?

ASML Holding (NASDAQ: ASML) is one of the most important companies in the semiconductor industry as its equipment plays a mission-critical role in helping foundries and chipmakers in manufacturing chips, but the stock's performance so far this year has been underwhelming.While the PHLX Semiconductor Sector index has recorded solid gains of almost 16% this year (as of this writing), shares of ASML are down 14%. The stock fell big time last month following the release of its third-quarter earnings as management's 2025 outlook turned out to be lower than what Wall Street was looking for.However, ASML held its Investor Day meeting on Nov. 14, and it looks like management's comments are having a positive impact on the company's stock market fortunes. More specifically, ASML stock rose almost 3% following its Investor Day. Let's see why that was the case.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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