ASML Maintains Buy Rating as AI and Memory Demand Drive Lithography Outlook
Goldman Sachs analyst Kate McShane reaffirmed her Buy rating on ASML Holding NV following December 16 roadshow insights. The semiconductor equipment leader shows resilience despite recent share price volatility, with EUV lithography positioned to capitalize on structural growth in AI computing.
Memory sector tightness and accelerating AI adoption create favorable conditions for ASML's technology through 2026. While EUV lithography growth faces temporary pause at gate-all-around nodes, the roadmap suggests reacceleration potential post-transition.
ASML shares dipped 4-5% to €881-882 on December 18 amid sector-wide profit-taking, having traded NEAR €923-924 previously. The movement reflects broader semiconductor volatility rather than company-specific developments.