Dutch tech giant ASML's stock dropped after financial results, despite strong AI demand for computing power.
Dutch tech giant ASML, crucial for semiconductor market, reported a drop in stock after financial results. Despite AI's strong demand for computing power and memory, driving ASML's stock up 50% in a year, investors are selling. ASML's CEO, Peter Wennink, acknowledges AI's dependence on ASML's technology. Despite the current dip, ASML is positioned for a boom in the AI industry. Whether to follow suit or buy the dip depends on individual investment strategy.
April 20, 2024
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