ASML's HNA EUV Technology Boosted by Rothschild & Co.

Rothschild and Company Redburn significantly upgrades ASMLs outlook, moving from neutral to buy and boosting price target from €900 to €1200. This is due to improved commercial prospects for ASMLs advanced chip-making technology, HNA EUV, driven by advancements in the technology and growing use of chiplets for AI data centers. The firm predicts lithography will account for 23% of wafer fabrication equipment spending by 2030, signaling a return to Dennard-like scaling. ASMLs earnings forecasts for 2026-2030 are raised by 7-17%, with total revenue expected to climb from €32.6 billion in 2025 to €55.9 billion by 2030, driven by expected growth in HNA EUV revenue.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.