Wall Street Turns Bullish on ASML, TSMC, and Arista Networks
Major investment banks upgrade ASML, TSMC, and Arista Networks, citing AI growth, a coming memory chip super cycle, and stronger enterprise spending through 2026 and 2027.
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ASML Rises as Analysts Lift Targets and Name It Top Pick
ASML shares rise after Morgan Stanley names it a "Top Pick" and lifts its price target to €1,000, citing strong demand for EUV tools and solid margins. UBS also reiterates its Buy rating.
AI Demand Fuels ASML Orders, Compensating for Expected Plunge in China Revenue
ASML Holding posted stronger-than-expected orders, fueled by the booming AI sector. While current quarter forecasts exceed consensus, the chip equipment giant predicts a significant decline in sales to China in 2026, leading to cautious long-term sales guidance.
Applied Materials Forecasts $600M Revenue Hit from Expanded China Export Curbs
Applied Materials expects a $600 million revenue loss in fiscal 2026 due to new U.S. rules restricting exports of chip manufacturing machinery to China-based affiliates aimed at preventing circumvention of controls.