Chip machine maker ASML will grow into a $500 billion business next year, tech investors predict.
"As people look for alpha when investing in this trend of semiconductors being more and more critical to global supply chains, this feels like it's an obvious candidate," Hogarth said.
ASML said "global megatrends in the electronic industry" coupled with "a highly profitable and fiercely innovative ecosystem" are expected to continue to fuel growth across the semiconductor market. The firm has a positive five-year outlook on ASML but it has "tactically" downgraded the stock to a "neutral" for now.
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