Check Out This Incredible Opportunity in the Chip Sector Right Now

07.11.24 12:45 Uhr

Investors need to keep a list of top stocks they want to buy but may not have purchased yet due to high valuations. One of those companies is ASML Holding (NASDAQ: ASML), and it's one of those that I have always wanted to own, but it got away from me. The point of these lists is to keep them on your radar; if the stock price falls, you can pick up shares (if the opportunity is right).ASML recently tumbled more than 20% after reporting earnings and is now nearly 40% off its all-time high. While I saw this as a buying opportunity, others saw it as a sell sign. Understanding why the other side is selling can help you determine whether now is a good time to buy the stock or not.ASML is probably one of the world's most critical companies, yet few know about it. ASML makes lithography machines for chip manufacturers. These machines lay out the microscopic traces on chips that are spaced as little as 3 nanometers (nm) apart on chips. For reference, a human hair is about 80,000 to 100,000 nm wide. Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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