Investing
ASML Holdings cut at Bernstein on softening demand
© Reuters. ASML Holdings (ASML) cut at Bernstein on softening demand
ASML Holdings (AS:) was cut to Market-Perform at Bernstein on Friday, with analysts lowering the price target to $785 from $810 per share.
The analysts told investors in a note that the downgrade is based on softening demand for 2023 and into 2024.
“We continue to like the fundamentals and growth” for ASML, they said. “However, we believe the risk from softening demand for leading-edge logic/foundry and ongoing memory weakness now outweighs the upside.”
“Despite a backlog of EUR 38B, ASML saw a softening of demand and increasing customer caution based on the potential for a more prolonged cyclical downturn,” the analysts added.
They explained that the strong pull-forward of DUV demand in 2023 — especially from China — combined with weakness in EUV orders resulted in the firm stepping to the sidelines and downgrading ASML.
Read the full article here
Closing Your Business? Do It Before the New Year to Save Money
Why Irate Artists Leaked OpenAI’s AI Video Generator Sora
Friends’ ‘Scrappy’ Side Hustle Led to a $1 Million Product
Unlock Lasting Business Success by Instilling These 5 Family Values
BlackRock, Vanguard, State Street sued by Republican states over climate push By Reuters
This All-Access Pass to Learning Is Now $20 for Black Friday
How to Create a Routine That Balances Rest and Business Success
Apple Prepares a New AI-Powered Siri to Compete With ChatGPT
A Macy’s Employee Made Accounting Errors Worth $132 Million
MIT Gives Free Tuition For Families Earning $200,000 or Less
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Investing4 days agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Passive Income4 days agoHow to Create a Routine That Balances Rest and Business Success
-
Side Hustles5 days agoApple Prepares a New AI-Powered Siri to Compete With ChatGPT
-
Side Hustles2 days agoA Macy’s Employee Made Accounting Errors Worth $132 Million
-
Side Hustles6 days agoMIT Gives Free Tuition For Families Earning $200,000 or Less
-
Passive Income5 days agoCustomers Want More Than Just a Product — Here’s How to Keep Up
-
Side Hustles4 days agoGift the Power of Language Learning with This Limited-Time Price on Babbel
-
Investing1 day agoFactbox-How Trump can overhaul US financial regulators when he takes office By Reuters