What Recession? This Semiconductor Stock Just Projected Explosive Upside
The market is very down on the semiconductor sector, and it's understandable. In fact, PC sales are in one of the worst yearly declines in the past 30 years. Meanwhile, the iShares Semiconductor ETF (NASDAQ: SOXX) is down about 30% on the year.
Against that backdrop, it may be surprising that semiconductor equipment leader ASML Holdings (NASDAQ: ASML), a key provider of semiconductor manufacturing equipment, just increased its 2025 revenue and profit outlook, over and above the projections given just one year ago in late 2021. Not only that, but ASML expects the good times to last through 2030 as well.
If anything, one would have thought ASML would be lowering, not raising, its outlook. Here's what ASML is seeing, and why semiconductor investors may want to look through the year ahead and take advantage of today's low prices. Afterall, even Warren Buffett is buying into the sector.
Source Fool.com
