Bank of America: Profit Forecast for ASML Raised Due to Surge in Demand for AI.

Analysts at Bank of America wrote that due to the increasing demand for storage chips and logic chips from AI companies, the earnings per share of Dutch semiconductor company ASML in 2030 is expected to exceed previous forecasts. ASML is the most valuable company in Europe, providing lithography equipment for chip manufacturers to imprint the most complex circuit layers on semiconductors. Bank of America predicts that by 2030, the demand for the two main storage chips, DRAM and NAND, will reach $634 billion and $257 billion respectively, while the demand for logic chips will reach $723 billion. This market size means that ASML's earnings per share in 2030 will be around 73.2 euros, higher than the previous estimate of 62.6 euros. ASML's stock price fell by 0.8%.