Advertisement
New Zealand markets closed
  • NZX 50

    11,698.51
    -166.38 (-1.40%)
     
  • NZD/USD

    0.6124
    -0.0020 (-0.32%)
     
  • ALL ORDS

    7,943.60
    -31.20 (-0.39%)
     
  • OIL

    78.42
    -0.03 (-0.04%)
     
  • GOLD

    2,335.30
    -13.80 (-0.59%)
     

Buy This Nasdaq Stock Before It Jumps

Buy This Nasdaq Stock Before It Jumps

Shares of ASML Holding (NASDAQ: ASML) slumped last week following the release of the company's first-quarter 2023 results. Investors apparently chose to overlook the Dutch semiconductor giant's outstanding year-over-year growth and solid full-year guidance and focus on the near-term weakness in the chip industry. The semiconductor equipment company is on track to deliver terrific growth this year despite headwinds in the semiconductor space, which also explains why analysts are expecting the stock to zoom higher over the next year.