Overview
- Investor coverage predicts a near-term rebound in tech shares tied to upcoming earnings from ASML and TSMC.
- The Nasdaq Composite sits about 8% below its record, with recent losses linked to external shocks such as the war in the Middle East.
- ASML is the sole maker of extreme ultraviolet lithography tools used to print the most advanced chips.
- TSMC controls about 72% of contract chip manufacturing, producing designs for firms like Nvidia and Broadcom.
- McKinsey projects semiconductor revenue could reach $1.5 trillion to $1.8 trillion by 2030, suggesting durable demand for AI hardware.