Overview
- Analysts project ASML’s earnings per share could nearly double by 2027 versus last year, based on sustained demand tied to AI.
- TSMC guided 2026 capital spending to $52–$56 billion, roughly 32% higher year over year, with 70%–80% directed to advanced nodes.
- Micron plans about $20 billion in capex this fiscal year, a 45% increase, to expand high-bandwidth memory capacity.
- ASML remains the sole supplier of EUV lithography tools required for chips at 7 nanometers and below.
- Bernstein reiterated an Outperform rating with a $1,528 price target, citing structural demand through 2029 and a potential equipment acceleration as new clean rooms are filled.