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The semi-cap space is the bread and butter of the entire semiconductor industry. We recommend investors buy the stock pullback of the most critical semi-cap stock, ASML (NASDAQ:ASML). ASML is at the center of our bullish thesis on
The Holy Trinity Of Semis: ASML Leading Market Recovery
Summary
- Semis were the first to hit the fan, and we believe the semi-cap will be the first to pick back up.
- ASML is one of our favorite bull ideas in the semi-space alongside semi-cap giants, Lam Research and Applied Materials.
- We like ASML’s position in the broader semiconductor industry and expect demand tailwinds as the world digitalizes and chip-making expands to the U.S.
- We’re constructive on the semi-cap as we believe the weakness of the macroeconomic environment has been priced into the stock and expect ASML to outperform in 2023.
- We believe semis hit bottom and recommend strategically buying into the semi space before the market recovers.
Tech Stock Pros is a team of three former technology sector engineers with a long history of investing in the tech sector.
They run Tech Contrarians, an investing group providing institutional-level company research to individual investors. Utilizing a live portfolio with quarterly updates, bi-weekly newsletters, and answering questions daily via chat, Tech Stock Pros aims to demystify investing in the technology sector. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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