For me, the key is not just whether ASML beats Q3 estimates, but whether management maintains its 2027 expansion plans and provides a confident outlook. Strong bookings would support the AI growth story, while weaker orders or delayed deliveries would raise concerns about future spending.
I remain bullish on AI infrastructure long term, but I do not expect every semiconductor stock to rise together. I will focus on sustainable demand, competitive advantages and valuations, with TSMC's upcoming earnings providing another important checkpoint.
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- jazzyxx·10-14 16:24TOPEUV orders are not a clean AI readthrough though. Some of that can just be legacy server and memory capex getting pulled forward, and 2027 optimism can still be management selling the dream lol1Report
- chenobserver·10-14 16:24TOPASML's PE still doesn't fully price the 2027 expansion to me. HBM and advanced packaging demand feels underappreciated here, not just logic1Report
- icycrystal·10-14 16:44TOPthanks for sharing1Report