Asml Forecast For Eight Years

last updated on

Asml Forecast For Eight Years

Asml Will Be First $1 Trillion Company In Europe

There are not a lot of companies in Europe that could be called mega-cap. Meanwhile, there are multiple companies in the US with a market cap of $1 trillion or more.

But in Europe, there's not even a single stock with a market cap of $1 trillion or more. However, experts believe there's one company in Europe that has the potential to become the first $1 trillion company!

Asml Is A Big Player In Ai Field

The ASML is the stock from Europe that's listed on the Nasdaq and the Euronext Amsterdam. The best part is that ASML is also a part of the AI revolution, which means the chances of it hitting the $1 trillion market cap are very bright.

ASML, based in the Netherlands, is involved in making highly advanced equipment. This equipment is used in the manufacture of semiconductors, which makes ASML a big player.

In fact, the company has a monopoly when it comes to making the EUV lithography machines. These are very advanced and expensive equipment and are needed by big names like Intel, Samsung, and TSMC for making chips.

So given the company's crucial role in the chip-making process, it's only natural to assume that good things are ahead for ASML.

Right now, the market cap of ASML is around 291 billion. This alone puts ASML ahead of every other company in Europe.

So, if ASML continues to grow its revenue by 15% each year, it will be worth $1 trillion in the next 8 years. During that period of 8 years, we can also expect a massive increase in the share price of ASML.

For those who think they have missed the train on Nvidia, the next big thing is ASML, and it's from Europe. However, if the AI craze fades away in the coming years, it could make it a little difficult for ASML to achieve its goals.

Trending Stories