Should You Buy ASML Stock Before Oct. 16?

Semiconductor stocks have delivered so far in 2024 despite bouts of volatility recently, which is evident from the 26% gains clocked by the PHLX Semiconductor Sector index. However, the gains have been uneven as one of the most important semiconductor companies in the world underperformed the broader market.Share prices of ASML Holding (NASDAQ: ASML) are up just 9% this year, receding after a bright start to the year. ASML stock is down 23% in the past three months over negative analyst sentiments over the impact of export restrictions on shipments to China, potential weakness in memory demand, and troubles at one of its key customers (Intel).However, there are hints that things could start looking up when the company releases its third-quarter results on Oct. 16. Let's look at the reasons why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool