ASML: The Linchpin To The Next Cloud Super Cycle
ASMLASML Holding(ASML) Seeking Alpha·2024-06-22 22:00

anurak phraisan We previously covered ASML Holding N.V.(NASDAQ:ASML) (OTCPK:ASMLF) in April 2024, discussing why it remained a long-term winner as we entered the next cloud super cycle, thanks to the insatiable demand for generative AI SaaS and Nvidia's (NVDA) double-digit growth. Despite the growing bookings and multi-year backlog, we had also encouraged readers to wait for a moderate retracement for an improved margin of safety, preferably at its previous trading range of between 770sand770s and 880s. Since th ...