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ASML Predicts Enduring Growth in 2023, Is the Stock a Buy?

Nicholas Rossolillo, The Motley Fool
·5-min read
ASML Predicts Enduring Growth in 2023, Is the Stock a Buy?

After an extensive investor update in November 2022, ASML Holding (NASDAQ: ASML) turned in an as-expected fourth-quarter 2022 earnings update. More importantly, the essential semiconductor manufacturing industry equipment supplier provided some initial guidance on 2023 that jives with what other chip companies have been reporting: There will be a dip in the first half of the year, with a resumption of growth thereafter. It may not be groundbreaking financial stuff, but ASML's high-tech equipment looks good with this outlook for the coming year.

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