The chip company’s products enable the manufacturing of AI chips designed by Nvidia, AMD, and Intel.
Morris-Eyton, co-fund manager for AllianceBernstein’s European Growth Portfolio , said ASML is going through a transition year due to excessive capacity in the semiconductor manufacturing space after a very strong 2023. ‘Quasi-monopoly’ Morris-Eyton, who is also co-manager of AllianceBernstein’s Global Growth Portfolio , suggested that investors should overlook the short-term headwinds and make a long-term investment decision on ASML.
