Security

ASML Research & Market Analysis

ASML stands at the center of a massive thematic rotation into AI that has driven over two-thirds of the Stoxx 600's positive performance since April, effectively creating a 'European Nasdaq' effect despite broader regional macro headwinds. Analysts maintain a 'Buy' rating on the stock, designating ASML as the best-positioned beneficiary of the demand for next-generation Blackwell and Rubin GPU platforms which require leading-edge chips. This bullish outlook is supported by significant positive read-across from Nvidia’s strong 1QFY27 results and robust revenue guidance. Beyond the core AI tailwinds, ASML is actively diversifying its global footprint, notably through a new partnership with Tata Electronics in India. While the 'Iran shock' and energy price surges have undermined general European sentiment, ASML’s role within the 'AI compute' basket remains a critical driver for technology hardware performance. Consequently, the company remains a focal point for institutional investors looking to navigate shifting semiconductor flows and sovereign AI exposure.

24 reports available

Europe Technology Hardware Update

Goldman Sachs·Jun 10, 2026

Goldman Sachs updates estimates and price targets for key European technology hardware companies, reflecting robust industry demand for AI infrastructure and semiconductor equipment.

Feedback, Flows and Catalysts

Goldman Sachs·Jun 5, 2026

This report outlines tactical investment strategies across consumer, TMT, materials, and financial sectors, focusing on specific catalysts and options trades. It highlights investor feedback from recent conferences and data releases.

Chipflation Navigating A Memory Crisis

Morgan Stanley·Jun 7, 2026

The report analyzes how AI infrastructure demand is creating structural memory shortages ('Chipflation'), forcing a shift in global supply toward AI and away from consumer hardware.

TMT Special Sales: Delivery Hero, ASML, and Hedge Fund Monitor

Goldman Sachs·May 26, 2026

The report highlights active M&A in the delivery sector involving Uber and Delivery Hero, alongside a historic hedge fund rotation from Software into Semiconductors.

Equity Compass

UBS·May 25, 2026

UBS maintains an Attractive view on global equities, specifically targeting 7,900 for the S&P 500 by year-end 2026. The outlook is driven by resilient growth and structural trends in AI, power, and longevity, despite ongoing Middle East geopolitical tensions.

TMT Special Sales: Snowflake, Salesforce, Capgemini, and ASML Market Update

Goldman Sachs International·May 28, 2026

Snowflake's stock surged 37% on raised AI-driven guidance, while Salesforce lagged due to light Q2 outlook. Major corporate moves include Uber increasing its Delivery Hero stake and the UK government limiting billionaire involvement in BT.

Europe Technology Hardware Nvidia Results Read Across for European AI Enablers

Goldman Sachs·May 21, 2026

Europe First To Market

J.P. Morgan·Jun 3, 2026

TMT Specialist Sales Update

Goldman Sachs·May 18, 2026

All reports

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