Is This the Reason AMD, Nvidia, and Intel Stocks Dropped?

By Neil Rozenbaum – Apr 18, 2024 at 11:24AM

NASDAQ: ASML

ASML

Market Cap

$343B

Today's Change

(-0.78%) -$6.83

Current Price

$865.64

Price as of May 1, 2024, 2:27 p.m. ET

Any weakness in this stock should be looked at as an opportunity.

In this video, I will talk about ASML's (ASML -0.78%) first-quarter earnings report, which met the company's expectations. Management still expects a flat 2024 followed by an acceleration in 2025. I'll explain why long-term investors should be looking to buy any weakness in the stock.

*Stock prices used were from the trading day of April 17, 2024. The video was published on April 18, 2024.

Neil Rozenbaum has positions in Intel. The Motley Fool has positions in and recommends ASML, Advanced Micro Devices, and Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2025 $45 calls on Intel and short May 2024 $47 calls on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.