Best Stocks to Buy: Is ASML Stock a Buy Now?

By Neil Rozenbaum – Jan 24, 2024 at 10:15AM

NASDAQ: ASML

ASML

Market Cap

$362B

Today's Change

(2.04%) $18.36

Current Price

$918.97

Price as of April 26, 2024, 4:00 p.m. ET

Is ASML stock still the best semiconductor stock to buy in 2023?

In this video, I will talk about ASML's (ASML 2.04%) fourth-quarter earnings report, which beat the company's expectations. Management still expects 2024 to be a flat year followed by an acceleration in 2025. I'll explain why long-term investors should be looking to buy any weakness in the stock.

Last week, Taiwan Semiconductor Manufacturing reported promising results that should give semiconductor investors more confidence for 2024 and onward.

*Stock prices used were from the trading day of Jan. 23, 2024. The video was published on Jan. 24, 2024.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ASML and Taiwan Semiconductor Manufacturing. 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.