ASML’s Ability to Win From AI Boom Strained by Inconsistent Orders
Employees assemble an ASML Twinscan XT1000 lithography machine at the company’s factory in Veldhoven, Netherlands.
Photographer: Jasper Juinen/Bloomberg
Wall Street is showing concern as to whether ASML Holding NV can grow demand for the cutting-edge chipmaking machines it holds a monopoly over.
The Amsterdam-listed stock is down 29% over the past 12 months. Recent downgrades from Jefferies and Barclays signaled doubt that the artificial intelligence spending plans of ASML’s biggest clients can help drive sustained orders and near-term sales.