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Is chip giant ASML about to hit a ceiling, or break through it?
['Tosterling', 'Nathan Vifflin']
Zawya.com - All Regional News
ASML management sees sales growth this year ranging from as low as 4% to as high as 19%.
SHARES AT RECORD HIGHSWith the stock near all-time highs, investors and analysts are debating how much further ASML, valued at 467 billion euros ($559 billion), can grow.
Its order backlog stands at 38.8 billion euros, but the giant chip-printing machines it sells can take a year to build.
ASML is the only maker of EUV lithography systems, which are essential for creating the tiny circuitry of advanced chips.
Memory chip makers Samsung , SK Hynix and Micron also have AI-linked expansion plans that would benefit ASML.