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ASML Holding

ASML is the leader in photolithography systems used in manufacturing semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.

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Shares of chip stocks are trading higher amid overall market strength on reports indicating China is assessing US trade talks. Additionally, jobs data may be easing some market fears. NVIDIA shares rose on reports indicating the company is working on China-tailored chips.

Deep-pocketed investors have adopted a bullish approach towards ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ASML usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 34 extraordinary options activities for ASML Holding. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 47% leaning bullish and 29% bearish. Among these notable options, 14 are puts, totaling $1,212,387, and 20 are calls, amounting to $1,118,520.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $400.0 to $1100.0 for ASML Holding over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for ASML Holding's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of ASML Holding's whale trades within a strike price range from $400.0 to $1100.0 in the last 30 days. 
<h3>ASML Holding Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745949679_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ASML</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$98.0</td>
<td>$97.5</td>
<td>$98.0</td>
<td>$660.00</td>
<td>$294.0K</td>
<td align="right">125</td>
<td align="right">32</td>
</tr>
<tr>
<td>ASML</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/17/27</td>
<td>$71.2</td>
<td>$67.2</td>
<td>$68.0</td>
<td>$540.00</td>
<td>$170.0K</td>
<td align="right">4</td>
<td align="right">25</td>
</tr>
<tr>
<td>ASML</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$40.2</td>
<td>$39.1</td>
<td>$40.2</td>
<td>$610.00</td>
<td>$168.8K</td>
<td align="right">433</td>
<td align="right">88</td>
</tr>
<tr>
<td>ASML</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$61.0</td>
<td>$58.1</td>
<td>$58.75</td>
<td>$540.00</td>
<td>$146.8K</td>
<td align="right">60</td>
<td align="right">25</td>
</tr>
<tr>
<td>ASML</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$59.2</td>
<td>$55.5</td>
<td>$56.25</td>
<td>$540.00</td>
<td>$140.6K</td>
<td align="right">3</td>
<td align="right">25</td>
</tr>
</tbody>
</table>

<h3>About ASML Holding</h3>
ASML is the leader in photolithography systems used in manufacturing semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.
Having examined the options trading patterns of ASML Holding, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is ASML Holding Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 710,995, with ASML's price down by -1.07%, positioned at $665.57.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 78 days.</li>
</ul>
<h3>What Analysts Are Saying About ASML Holding</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $902.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for ASML Holding, targeting a price of $965. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on ASML Holding, which currently sits at a price target of $840. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for ASML Holding, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Check Out What Whales Are Doing With ASML

ASML Holding's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NYSE">ASML</a>) short percent of float has risen 25.45% since its last report. The company recently reported that it has 2.44 million shares sold short, which is 0.69% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>ASML Holding Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745866847_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ASML Holding has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing ASML Holding's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, ASML Holding's peer group average for short interest as a percentage of float is 8.93%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What Does the Market Think About ASML Holding?

ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems.
<h2 class="wp-block-heading">If You Bought ASML Stock 10 Years Ago</h2>
The company's stock traded at approximately $108.69 per share 10 years ago. If you had invested $10,000, you could have bought roughly 92 shares. Currently, shares trade at $638.69, meaning your investment's value could have grown to $58,763 from stock price appreciation alone. However, ASML also paid dividends during these 10 years.&nbsp;
Don't Miss:
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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
</ul>
ASML's dividend yield is currently 1.20%. Over the last 10 years, it has paid about $45.37 in dividends per share, which means you could have made $4,174 from dividends alone.&nbsp;
Summing up $58,763 and $4,174, we end up with the final value of your investment, which is $62,937. This is how much you could have made if you had invested $10,000 in ASML stock 10 years ago. This means a total return of 529.37%. In comparison, the S&amp;P 500 total return for the same period is 199.50%.
<h2 class="wp-block-heading">What Could The Next 10 Years Bring?&nbsp;</h2>
ASML has a consensus rating of "Overweight" and a price target of $851 based on the ratings of 13 analysts. The price target implies more than 33% potential upside from the current stock price.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
On April 16, the company announced its Q1 2025 earnings, posting revenues of €7.742 billion ($8.764 billion), roughly in line with expectations, according to <a href="https://www.benzinga.com/25/04/44832382/nvidia-supplier-asml-beats-revenue-and-eps-estimates-euv-product-mix-performance-milestones-drive-q1-says-ceo">Benzinga</a>.Sequentially, the revenue declined by 16.75% from €9.3 billion in Q4 2024.
The company reported EPS of €6, above the consensus estimates of $5.760. However, it declined sequentially by 12.41% from €6.85 in Q4.
ASML expects Q2 net sales in the range of €7.2 billion to €7.7 billion, compared to the consensus estimate of €7.73 billion. The company reiterated its full-year 2025 total net sales outlook of €30 billion to €35 billion, compared to the consensus of €32.41 billion.
Given the historical stock price appreciation and expected upside potential, growth-focused investors may find ASML stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 1.20%.
Check out this <a href="https://www.benzinga.com/personal-finance/25/04/44940859/why-johnson-johnson-chevron-and-flowers-foods-are-winners-for-passive-income">article by Benzinga</a> for three stocks offering dividend yields of around 3% to 5%.
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<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.</li>
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
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Image: Shutterstock

Personal Finance

If You Invested $10K In ASML Stock 10 Years Ago, How Much Would You Have Now?

A semiconductor expert on AlphaSense broke down the industry&#8217;s shifting dynamics with tariffs, trade wars, and other geopolitical uncertainties. While not named by the platform, the expert drew clear lines between those who are poised to win big amid this chaos and those who stand to lose.
What Happened: On Wednesday, AlphaSense, a market intelligence platform that helps analysts and researchers meet subject-matter experts, shared the transcript of one such interaction between an analyst and an expert in the semiconductor industry on its X account.
The expert, who previously worked for Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), says the tariffs will hurt all technology companies across the board. The reason for this, they say, is the &#8220;potential erosion of demand,&#8221; as tariffs have an inflationary effect, impacting consumer purchasing power.
See More: <a href="https://www.benzinga.com/news/25/04/44969920/its-not-going-to-end-well-former-sec-chair-gensler-says-chinese-are-tough-negotiators-who-believe-they-can-outwait-us-policy-volatility">&#8216;It&#8217;s Not Going To End Well&#8217;—Former SEC Chair Gensler Says Chinese Are &#8216;Tough Negotiators&#8217; Who Believe They Can Outwait US Policy Volatility</a>
They, however, believe that companies like the Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) are at a much more favorable position relative to peers. This is because TSMC manufactures 90% of the world&#8217;s advanced chips, and is thus a beneficiary of President Donald Trump&#8217;s recent exemptions on electronics imports. 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Semiconductor industry expert explains the effects of tariffs and who the winners and losers might be in the industry ( <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a>, <a href="https://twitter.com/search?q=%24TSM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSM</a>, <a href="https://twitter.com/search?q=%24ASML&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ASML</a>): &#8211; The expert expects the tariffs to impact technology companies across the board negatively. The biggest impact he sees is the potential… <a href="https://t.co/AIU3RSd9ZJ">pic.twitter.com/AIU3RSd9ZJ</a>
&mdash; AlphaSense (@AlphaSenseInc) <a href="https://twitter.com/AlphaSenseInc/status/1914665679178866924?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Because China considers Taiwan a part of its territory, it hasn't imposed tariffs on imports from the island, a factor that further benefits TSMC. With no manufacturing facilities in the U.S., the chipmaker is uniquely positioned to serve customers in China, the U.S., and globally, with minimal trade barriers.
Besides this, the expert sees the deterioration of relationships between the U.S. and the E.U. as an advantage for fab equipment maker ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), allowing it to freely sell to customers in China, from where it already derives <a href="https://benzinga.com/25/03/44136859/asml-faces-uncertainty-as-us-sanctions-on-china-cut-demand-stock-down-24-in-12-months">close to 40%</a> of its sales annually.
The expert views the tariffs as a net negative for Nvidia, particularly in light of China's new export restrictions, which are expected to create a bottleneck for the company's high-end chips. Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) is also seen as vulnerable, with them suggesting that it stands to lose on both fronts of the escalating trade tensions.
Why It Matters: There has been a flurry of activity in the semiconductor industry in recent weeks, with major players like TSMC announcing <a href="https://benzinga.com/25/03/44084767/taiwan-semiconductor-weighs-100-billion-us-investment-as-chip-war-heats-up">plans to invest $100 billion</a> to begin chip production within the United States. 
China <a href="https://benzinga.com/markets/equities/25/02/43966206/china-warns-tsmc-could-become-united-states-semiconductor-manufacturing-co-as-trump-pushes-us-chipmaking">saw this coming</a> early this year, with Zhu Fenglian, spokesperson for Beijing's Taiwan Affairs Office, taking a jab at TSMC, warning that it could soon be called the &#8220;United States Semiconductor Manufacturing Co.,&#8221; suggesting that the Taiwanese government was selling out domestic companies for political backing from the U.S. government. 
While Nvidia remains caught in the crosshairs between China and the United States, some analysts are doubling down on the stock, despite the new AI diffusion rules and H20 export ban. According to BoFA analyst Vivek Arya, the <a href="https://benzinga.com/analyst-ratings/price-target/25/04/44934100/analyst-sticks-with-nvidia-despite-fallout-from-china-curbs">company&#8217;s global footprint</a>, alongside the growing sales of Blackwell Ultra GPUs, should help offset any major impact.
Price Action: Shares of Nvidia were up 3.86% yesterday, trading at $102.71, followed by TSMC at 157.81, up 4.20%. ASMV Holding and Intel were up 3.02% and 5.54%, respectively.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="139" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24035627/Screenshot-2025-04-24-at-1.26.13-PM-1024x139.png" alt="" class="wp-image-885889" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24035627/Screenshot-2025-04-24-at-1.26.13-PM-1024x139.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24035627/Screenshot-2025-04-24-at-1.26.13-PM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24035627/Screenshot-2025-04-24-at-1.26.13-PM-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24035627/Screenshot-2025-04-24-at-1.26.13-PM-1536x208.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24035627/Screenshot-2025-04-24-at-1.26.13-PM.png 1592w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Nvidia scores high on growth and quality, but low on momentum and value, according to Benzinga&#8217;s Edge Stock Rankings. What about TSMC, Intel, and ASML? Sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> to find out more. 
Read More: <a href="https://www.benzinga.com/government/regulations/25/04/44971572/nvidia-chip-ban-wont-stop-chinas-ai-momentum-say-analysts-blocking-h20-would-hand-market-to-huawei-amid-trump-era-export-crackdown">Nvidia Chip Ban Won&#8217;t Stop China&#8217;s AI Momentum, Say Analysts — Blocking H20 Would Hand Market To Huawei Amid Trump-Era Export Crackdown</a>
Image Via Shutterstock

Equities

TSMC, ASML May Win The Chip War, Says Expert, But Nvidia And Intel Could Feel The Heat From Trump Tariffs

China's reported breakthrough in producing 5-nanometer <a href="https://www.benzinga.com/markets/eurozone/25/03/44253751/asml-boosts-ai-chip-rd-in-europe-amid-us-sanctions-china-slowdown-and-subsidy-uncertainty">chips without extreme ultraviolet</a> (EUV) lithography has sparked warnings from tech leaders.
What Happened: On Wednesday, William Huo, Intel Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) first chief representative in Beijing, took to X, formerly Twitter, and highlighted the report that China's Semiconductor Manufacturing International Corporation (SMIC) had manufactured 5 nm-class chips without using EUV tools.
"BREAKING: China made 5nm chips without EUV. Let that sink in," Huo wrote. "No ASML. No Nikon. Just brute-force DUV, clever engineering, and sheer industrial will."
He credited the milestone to advanced deep ultraviolet (DUV) techniques and innovations like Self-Aligned Quadruple Patterning (SAQP), calling the result "Moore's Law by force, not finesse."
See Also: <a href="https://www.benzinga.com/markets/25/04/44891778/nvidia-not-acting-in-us-interests-says-chamath-palihapitiya-questions-how-alibaba-or-deepseek-are-one-step-ahead">Nvidia Not Acting In US Interests, Says Chamath Palihapitiya — Questions, How Alibaba Or DeepSeek Are One Step Ahead</a>
Huo said that these chips are symbolic of China's resilience against U.S. sanctions and its emergence as a self-reliant chip powerhouse.
Responding to Huo's thread on the platform, venture capitalist Chamath Palihapitiya added his own stark assessment, saying, "There is one, and only one, battle that must be won&#8230; Technical Superiority."&nbsp;
"Countries who have technical superiority will have military and economic superiority over those that don't&#8230; China is formidable and neck and neck with America, but America can win if we focus and prioritize."
The "SPAC King" warned that America could lose its edge if it continues to favor bureaucracy and red tape over actual innovation and scaling.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sitting here, in 2025, its important to recognize that there is one, and only one, battle that must be won when thinking in terms of the sovereignty and supremacy of one nation-state over another: Technical Superiority Countries who have technical superiority will have military… <a href="https://t.co/yNPCY5c0rD">https://t.co/yNPCY5c0rD</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1915170302444855460?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Last month, Wccftech cited industry insiders and <a href="https://wccftech.com/smic-5nm-development-completed-in-2025/">reported</a> that SMIC is expected to complete its 5nm chip development by 2025.
However, the manufacturing cost of these chips could be up to 50% higher than that of Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), largely due to SMIC&#8217;s inability to access advanced EUV tools.
As per the report, SMIC&#8217;s yield rates for 5nm wafers are roughly one-third of what TSMC achieves on comparable technology. Despite these challenges, Huawei Technologies is said to be planning to incorporate SMIC's 5nm chips into its Ascend 910C AI processors.
This is part of broader efforts to reduce dependence on Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and boost domestic capabilities.
While reporting its first-quarter financial results, TSMC said, &#8220;Moving into second quarter 2025, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies,&#8221; referring to the continuing demand for these chips.
Earlier this month, the White House enacted a permanent export restriction on Nvidia's H20 chips to China, a move that the company says could impact its quarterly revenue by <a href="https://www.benzinga.com/news/global/25/04/44828742/nvidia-stock-is-tumbling-after-hours-heres-why">as much as $5.5 billion</a>.
This is part of the U.S. government&#8217;s efforts to bring advanced chip manufacturing back home. A key piece of the puzzle is cutting-edge technology like EUV lithography from Dutch company ASML Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), which is essential for producing smaller, more powerful chips.
Intel earns a growth rating of 3.59% from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare its performance</a> with TSMC, Nvidia, and other leading tech giants.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/INTC"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23231821/Screenshot-2025-04-24-at-8.48.09%E2%80%AFAM.png" alt="" class="wp-image-885545" /></a></figure>
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Photo Courtesy: Maxx-Studio On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

China's Chip Breakthrough Without ASML Makes Chamath Palihapitiya Take Stock Of Beijing's 'Formidable' Nature: 'America Can Win If…'

Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) on Wednesday&nbsp;announced the successful interoperability of the&nbsp;Marvell Structera&nbsp;portfolio of Compute Express Link&nbsp;(CXL) devices&nbsp;with Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) EPYC CPUs and&nbsp;5th&nbsp;Gen Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n44948063/marvell-announces-successful-interoperability-of-structera-cxl-portfolio-with-amd-epyc-cpu-and-5th" rel="noreferrer noopener">Intel Xeon platforms</a>.
The move marks Marvell&#8217;s progress towards an open and interoperable CXL ecosystem, which will address the growing demands for memory bandwidth and capacity in next-generation cloud data centers.
Marvell tapped AMD and Intel to extensively test Structera CXL products with AMD EPYC and 5th&nbsp;Gen Intel Xeon Scalable platforms across various configurations, workloads, and operating conditions.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44653936/broadcom-and-marvell-poised-for-growth-as-nvidias-cpo-push-faces-delays-analyst-reveals" rel="noreferrer noopener">Rising Tide Of AI Is So Strong That Semiconductor Optical Industry Projects $30 Billion Total Addressable Market By 2029</a>
The results demonstrated seamless interoperability, delivering stability, scalability, and high-performance memory expansion that cloud data center providers need for mass deployment.
The first-quarter&nbsp;<a target="_blank" href="https://www.benzinga.com/25/04/44852860/nvidia-lam-research-and-marvell-to-face-least-impact-from-tariffs-while-intel-and-arm-could-suffer-more-bofa-analyst'" rel="noreferrer noopener">semiconductor earnings procession</a> kicked off with&nbsp;ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) last Wednesday&nbsp;and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a target="_blank" href="https://www.benzinga.com/25/04/44857887/taiwan-semiconductor-q1-surges-41-in-sales-boosted-by-ai-chip-demand-expanded-margins" rel="noreferrer noopener">on Thursday</a>.
For U.S. chip vendors,&nbsp;BofA Securities&nbsp;analysts Vivek Arya and Duksan Jang expect first-quarter results to beat as their original outlook was likely conservative and tariff-related pull-ins created a better demand environment. However, the second-quarter outlook could be in line as companies could widen the guidance range.
Marvell stock plunged over 55% year-to-date. Marvell&#8217;s <a target="_blank" href="https://www.benzinga.com/25/04/44683383/marvell-plays-ai-hardball-divestiture-sparks-155-upside-says-analyst" rel="noreferrer noopener">exit from the</a> auto space follows its October quarter restructuring, where it began shifting investments away from enterprise networking, carrier infrastructure, and automotive.
The company is now focused on AI and accelerated computing, a theme JPMorgan&#8217;s&nbsp;Harlan Sur sees as key to unlocking long-term value.
Price Action: MRVL stock closed higher by 6.22% to $53.77 on Wednesday.
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Photo by JHVEPhoto via Shutterstock

Movers

MRVL

What's Going On With Marvell Technology Stock On Wednesday?

MPWR

SMCI

Shares of chip and semiconductor companies are trading higher amid overall market strength after President Trump said he had no intention of firing Fed Chair Powell. Additionally, Trump indicated the final tariff rate would be less than the current 145% but not 0%. A reduction in tariffs could reduce trade and supply chain uncertainty, which have weighed on the sector this year.

ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) has outperformed the market over the past 15 years by 9.43% on an annualized basis producing an average annual return of 19.95%. Currently, ASML Holding has a market capitalization of $260.69 billion. 
Buying $100 In ASML: If an investor had bought $100 of ASML stock 15 years ago, it would be worth $1,545.39 today based on a price of $663.00 for ASML at the time of writing.
<h3>ASML Holding's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745422212_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have This Much Today

AAPL

ADSK

DDOG

DELL

DOCU

HUBS

INTU

NTNX

OKTA

ORCL

PANW

SNOW

SNPS

SOUN

TEAM

TWLO

WDAY

Shares of tech stocks are trading higher after Treasury Secretary Scott Bessent reportedly said he expects de-escalation with China. A de-escalation with China could alleviate trade and supply chain uncertainty in the sector.

ALAB

CAMT

CRDO

INDI

MTSI

NVMI

ONTO

QCOC

RGTI

SITM

SLAB

SYNA

TSEM

Shares of semiconductor companies are trading lower after Huawei announced it's preparing AI chips as an alternative to Nvidia. Additionally, trade restrictions and tariff concerns are weighing on stocks in the industry.

Analyst Ratings

Live On CNBC, Amy Raskin Announces Bought More ASML Holding; Sold Walt Disney Co., Sold American Express

On Monday, Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;chief&nbsp;Jensen Huang&nbsp;met with Japanese Prime Minister&nbsp;Shigeru Ishiba&nbsp;to canvass more electricity to power <a target="_blank" href="https://www.benzinga.com/topic/nvidia" rel="noreferrer noopener">artificial intelligence&#8217;s needs</a>.
Huang&nbsp;and Ishiba discussed how Japan is particularly positioned well to develop AI, given its leadership in robotics and industrial manufacturing. They acknowledged the importance of electric energy generation and new infrastructure to power their AI ambitions, Bloomberg reported, <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-21/nvidia-ceo-lobbies-japan-for-more-power-data-centers-to-fuel-ai?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">citing</a> Huang.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44709732/foxconn-eyes-nissan-mitsubishi-in-japan-ev-push-to-counter-chinas-growing-auto-threat" rel="noreferrer noopener">Foxconn Eyes Nissan, Mitsubishi In Japan EV Push To Counter China&#8217;s Growing Auto Threat</a>
However, Huang also said that generating and creating intelligence will need energy.
Huang visited Beijing last week. Meanwhile, U.S. President Donald Trump shared plans to prohibit Nvidia from selling H20 AI chip to China amid intensifying geopolitical tensions spurred by U.S. blacklisting of Chinese companies like Huawei Technologies, semiconductor sanctions restricting China&#8217;s access to advanced semiconductor technologies, and a tariff war between the countries.
Last week, Nvidia warned of a $5.5 billion&nbsp;writedown&nbsp;from the newest U.S. chip embargo.
Redburn Atlantic analyst&nbsp;Timm Schulze-Melander&nbsp;<a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44846329/nvidias-china-sales-face-setback-as-h20-chip-restrictions-catch-key-buyers-off-guard-reuters" rel="noreferrer noopener">named Nvidia a</a> &#8216;top pick,&#8217; citing investments in leading-edge AI and chipmaking.
<a target="_blank" href="https://www.benzinga.com/25/04/44631510/asml-to-boost-japan-workforce-5x-amid-global-race-for-advanced-semiconductor-tech" rel="noreferrer noopener">Recent reports indicated</a> Dutch advanced chipmaking equipment supplier&nbsp;ASML Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)&nbsp;plans to quintuple its Japan-based maintenance staff for the machines. Japan continues bolstering its advanced semiconductor technology position, as in the U.S., Europe, and China.
Japanese multinational investment holding company&nbsp;Softbank Group Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) is&nbsp;also weighing a loan&nbsp;of up to $16.5 billion to finance its&nbsp;U.S. AI ambitions.
Price Action: NVDA stock is down 3.32% at $98.12 at the last check on Monday.
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</ul>
Photo by glen photo via Shutterstock

Government

Regulations

SFTBF

SFTBY

Nvidia's Jensen Huang Meets Japanese PM To Discuss AI's Growing Energy Needs

Wells Fargo analyst Joseph Quatrochi maintains ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) with a Overweight and lowers the price target from $860 to $840.

Price Target

Wells Fargo Maintains Overweight on ASML Holding, Lowers Price Target to $840

Susquehanna analyst Mehdi Hosseini maintains ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) with a Positive and lowers the price target from $1100 to $965.

Susquehanna Maintains Positive on ASML Holding, Lowers Price Target to $965

On Wednesday, Roger Dassen, CFO of ASML Holdings NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), a lithography equipment supplier to Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), acknowledged the contradiction between the U.S. government encouraging domestic chip manufacturing and imposing tariffs on crucial manufacturing tools.
What Happened: During the <a href="https://in.benzinga.com/25/04/44832382/nvidia-supplier-asml-beats-revenue-and-eps-estimates-euv-product-mix-performance-milestones-drive-q1-says-ceo">company's first-quarter earnings</a> call, analyst Andrew Gardiner from Citi pointed out the inconsistency in the U.S. strategy.
Gardiner highlighted the irony that, while the government is encouraging companies like Taiwan Semiconductor Manufacturing Co., Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to set up semiconductor manufacturing facilities in the U.S., it is simultaneously imposing tariffs on essential tools required for this process.
He noted that this policy creates a roadblock for companies like ASML, which supplies critical semiconductor manufacturing equipment such as lithography machines.
In response, Dassen said that this contradiction has not gone unnoticed by the industry, customers, and the Donald Trump administration. &#8220;I think it is this complexity that is being recognized.&#8221;
See Also: <a href="https://www.benzinga.com/25/04/44855693/intel-stock-down-nearly-47-in-the-past-year-reportedly-joins-nvidia-in-facing-export-hurdles-to-china-as-us-implements-new-ai-chip-licensing-requirements">Intel Shares Have Dropped 47% In The Past Year, Now Chipmaker Faces China AI Chip Curbs Just Like Nvidia Amid Trade Tensions</a>
&#8220;U.S. administration has also said, we&#8217;re reviewing the entire ecosystem to figure out how to deal with this,&#8221; he stated, adding, &#8220;I think it is this complexity that is being recognized. And that&#8217;s why I think they&#8217;ve said they need a bit more time to understand how to do this and how they can achieve the objective with more onshoring of chip manufacturing in the United States.&#8221;
 &#8220;I think that&#8217;s the background of the of the delay that we now see and of the anticipated and announced review of this ecosystem.&#8221;
Why It's Important: During the earnings call, analyst Timm Schulze-Melander asked ASML about the pricing structure of its order backlog, specifically how much is set up as "ex works" (where customers handle shipping and customs) versus how much ASML is responsible for, including duties and delivery.
&#8220;In general, we are the importers into the country. But of course, that is actually a bit irrelevant because, at the end of the day, it depends on the contractual agreements that we have with the customers — how you pass on tariff increases there.&#8221;
He went on to add that the company believes these costs should be fairly shared across the supply chain, not borne by ASML alone.
Earlier, while speaking with reporters, Dassen also said that ASML has no intention of shifting more of its production to the U.S. to reduce tariff risks, <a href="https://www.bloomberg.com/news/articles/2025-04-16/asml-orders-miss-estimates-as-uncertainty-over-us-tariffs-loom">reported</a> Bloomberg.&nbsp;
"Most of the final assembly of what we do happens here in the Netherlands," he noted.
Dassen also stated that ASML plans to pass a substantial portion of any tariffs onto its customers, arguing that the financial impact should be distributed fairly, especially to those importing the machines into the U.S., who he believes should carry the bulk of the cost.
ASML, the Dutch tech firm whose major clients include TSMC and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), posted first-quarter revenue of €7.742 billion ($8.764 billion), surpassing analyst expectations of €7.760 billion by 12.94%, according to <a href="https://www.benzinga.com/quote/ASML/earnings">Benzinga Pro</a>.
Price Action: ASML shares declined by 7.06% on Wednesday and have fallen more than 30% over the past year.
Based on <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga's Edge Stock Rankings</a>, ASML scores a solid 67.07% in growth, though it lags in momentum and value metrics. Curious how Nvidia, Intel, and others stack up? Check out Benzinga Edge for deeper insights.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/ASML"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17023321/Screenshot-2025-04-17-at-12.03.16%E2%80%AFPM.png" alt="" class="wp-image-875785" /></a></figure>
Photo courtesy: Skorzewiak / Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Administration Sees The Conflict Between US Chip Goals And Tariffs, Says Nvidia-Supplier ASML's CFO

Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has reportedly informed its Chinese clients last week that it will now require a license to export certain advanced artificial intelligence processors.
What Happened: The new restriction applies to chips with a total DRAM bandwidth of 1,400 gigabytes per second or more, or an I/O bandwidth of 1,100 GB per second, <a href="https://www.ft.com/content/7935826a-ba3b-4f6b-a64d-b8167d5dc38e">reported</a> Financial Times.
The Gaudi series from Intel, similar to Nvidia Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H20 processor, exceeds these thresholds and will be affected by the new rules.
The move comes a day after Nvidia warned it <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">could face a $5.5 billion hit</a> from similar export restrictions imposed by the U.S. government.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles" target="_blank" rel="noreferrer noopener">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
Why It&#8217;s Important: The latest chip licensing rule marks a new escalation in the <a href="https://www.benzinga.com/markets/25/04/44806095/as-xi-jinping-urges-vietnam-to-stand-against-unilateral-bullying-trump-labels-the-meeting-a-plan-to-screw-the-united-states-of-america">ongoing U.S.-China trade tensions</a>. While the Donald Trump administration has paused reciprocal tariffs for several nations, it has simultaneously imposed higher duties on Chinese imports.
In response, China hit back over the weekend with retaliatory tariffs of up to 125% on U.S. goods.
Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) disclosed in a Wednesday morning filing that new export restrictions on chips could lead to charges of <a href="https://www.benzinga.com/government/regulations/25/04/44844097/amd-flags-800-million-risk-from-new-us-chip-export-rules-as-china-tariffs-add-pressure">up to $800 million tied</a> to inventory and purchase commitments.
Meanwhile, ASML Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) released its first-quarter earnings on Wednesday, <a href="https://www.benzinga.com/25/04/44841356/chip-stocks-are-facing-selling-pressure-wednesday-heres-why">cautioning that rising tariffs</a> have added uncertainty to its outlook, potentially contributing to broader market weakness.
Price Action: Intel's shares fell by 3.12% on Wednesday, continuing a downward trend that has seen its stock drop nearly 47% in the past year. Year-to-date, Intel is down by 4.9%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
AMD shares dropped 7.35% on Wednesday, while ASML and Nvidia fell 7.06% and 6.87%, respectively, reflecting broader pressure on the semiconductor sector.
Intel currently holds a growth score of 3.51%, according to Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares</a> with Nvidia, ASML, AMD, and other major players in the chip industry.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/INTC"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16215202/Screenshot-2025-04-17-at-7.21.54%E2%80%AFAM.png" alt="" class="wp-image-875479" /></a></figure>
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Photo Courtesy: Tada Images On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Intel Shares Have Dropped 47% In The Past Year, Now Chipmaker Faces China AI Chip Curbs Just Like Nvidia Amid Trade Tensions

The first-quarter <a target="_blank" href="https://www.benzinga.com/topic/semiconductors" rel="noreferrer noopener">semiconductor earnings parade</a> kicks off with ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) <a target="_blank" href="https://www.benzinga.com/25/04/44832382/nvidia-supplier-asml-beats-revenue-and-eps-estimates-euv-product-mix-performance-milestones-drive-q1-says-ceo" rel="noreferrer noopener">on Wednesday</a> and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) on Thursday, followed by the U.S. semi and semicap peers in the following week.
For U.S. chip vendors, BofA Securities analysts Vivek Arya and Duksan Jang expect first-quarter results to beat as their original outlook was likely conservative and tariff-related pull-ins created a better demand environment.
However, the second-quarter outlook could be in line as companies could widen the guidance range.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/04/44841545/applied-materials-lam-research-kla-drop-amid-fresh-trade-war-fears-revenue-risk" rel="noreferrer noopener">Applied Materials, Lam Research, KLA Drop Amid Fresh Trade War Fears, Revenue Risk</a>
Regarding tariff impact, Arya and Jang expect U.S. chip companies to follow the example of early reporting companies Taiwan Semiconductor, ASML, Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), and Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>).
The analysts generically express concern on second-half demand headwinds and quantified gross margin headwinds from inflationary supply chain movements (such as Nvidia Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)) and higher U.S. sourcing.
Overall, semi-industry overhangs could persist pending clarity on new sectoral tariff rates (next several weeks), China retaliation, U.S. reciprocal tariffs, and AI diffusion rules (May 15).
On the positive side, despite some downside to estimates, valuation has become more compelling for high-quality areas in cloud/AI (Nvidia, Broadcom Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>)), design software (Cadence Design Systems, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>), Synopsys, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)) and semicap (Lam Research, KLA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/klac#NASDAQ">KLAC</a>)).
The analysts laid down two potential scenarios, which are modest tariff impact and dire tariff impact. Their modest scenario aligns with limited China and reciprocal tariffs, while the dire scenario implies the implementation of specific sectoral tariffs on semis/electronics (tariff rates not yet announced).
In a modest scenario, tariffs could drive roughly ~4% hit to calendar 2025 sales and ~6% hit to calendar 2026 versus current consensus, with EPS declines mostly ranging between 5%-25% (12%-13% average) inclusive of 150bps gross margin hit.
In a dire scenario, estimates could be further pushed down, with a 9% and 12% sales decline in calendar 2025 and 2026 and EPS declines mostly ranging between 15%-50% (25%-30% average) inclusive of a 500bps gross margin hit.
For revenue impact, the analysts noted companies with AI/cloud/industrial exposures to fare better in a potential tariff-induced demand downturn.
At the same time, those with consumer/auto are at greater risk. Nvidia, Lam Research, Cadence Design Systems, Synopsys, and Applied Materials, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) are among the companies with the least potential sales impact (at -1% to -6% sales impact), while Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) could fare worse (at -7% to -9% impact).
Importantly, even under the above distressed EPS scenario (dire tariffs), Nvidia, Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Synopsys, and Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) have a 30%+ potential upside to historical P/E or PEG multiple at current stock price.
In a modest tariff scenario, the EPS hits of 12%-13% (2-2.5 times sales) are well below the 30%-40% reductions the analysts have seen in prior market downturns. However, the primary concern is PE multiple compression due to enhanced market risks.
The SOX index is currently trading at ~18 times forward PE, below the broader SPX at ~20 times, though above the 12-14 times PE at prior semi-industry downturns. Notably, the SOX index has more than given up the ~20% PE premium it gained during AI-fueled stock gains in calendar 2023 and 2024.
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/25/04/44844097/amd-flags-800-million-risk-from-new-us-chip-export-rules-as-china-tariffs-add-pressure" target="_blank" rel="noreferrer noopener">AMD Flags $800 Million Risk From New US Chip Export Rules As China Tariffs Add Pressure</a></li>
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Photo via Shutterstock

CDNS

These Semiconductor Stocks To Face Least Tariffs Impact Compared To Intel

ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)&nbsp;reported a <a target="_blank" href="https://www.benzinga.com/topic/chips" rel="noreferrer noopener">fiscal first-quarter 2025</a> report on Wednesday.
The chip equipment company reported quarterly net sales of €7.74 billion ($8.14 billion), up 46.3% year over year. However, the quarterly net sales missed the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44831110/asml-reports-7-7-billion-total-net-sales-and-2-4-billion-net-income-in-q1-2025" rel="noreferrer noopener">analyst consensus estimate of €7.82 billion</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44651259/asml-stock-hits-52-week-low-as-trumps-eu-tariffs-and-china-sanctions-weigh-on-outlook" rel="noreferrer noopener">Trump&#8217;s EU Tariffs Impacts Chip Equipment Giant ASML, Stock Hits 52-Week Low</a>
The quarterly net bookings were €3.94 billion, up from €3.61 billion a year ago.
The gross margin expanded 300 bps Y/Y to 54.0%, as the ASP for EUV was higher due to more NXE:3800 versus NXE:3600 in the mix than anticipated. In the first quarter, ASML shipped its fifth High NA system and now has these systems at three customers.
GAAP EPS of €6.00 ($6.31) increased from €3.11 last year. The <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate was €5.79</a> ($5.76).
ASML held €9.10 billion in cash and equivalents. Its board proposed a 2024 dividend of €6.40 per ordinary share, a 4.9% increase Y/Y.
Outlook:&nbsp;ASML expects second-quarter net sales of €7.2 billion-€7.7 billion (versus <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">analyst consensus estimate of €7.73 billion</a>) and a gross margin of 50%-53%.
The company reiterated fiscal&nbsp;2025 total net sales outlook of €30 billion-€35 billion (compared to the analyst consensus estimate of €32.41 billion) subject to the uncertainties.&nbsp;
The company is on track to accomplish 2030 revenue of €44 billion-€60 billion and a gross margin of 56%-60% backed by AI and its business segments.
CEO&nbsp;Christophe Fouquet still noted strong Logic segment growth as customers ramp up their very advanced Logic node 2-nm. He expects the Memory segment to remain strong at par with 2024, backed by its customer activity. The Installed Base segment is growing backed by a more potent mix of EUV versus DUV.
ASML also received positive feedback regarding ASML&#8217;s Numerical Aperture (NA) products from the SPIE conference. Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) said they had exposed over 30,000 wafers on their tool and stressed that High NA could help them simplify their process.
Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) said that High NA could reduce their cycle time in fact by 60%. Additionally, ASML shipped all its EXE:5000, and three of its customers have installed this tool.
CFO&nbsp;Roger Dassen outlined <a target="_blank" href="https://www.benzinga.com/25/04/44833646/from-parts-to-profits-tariffs-have-a-4x-hit-on-asmls-bottom-line-says-cfo" rel="noreferrer noopener">the potential fallout</a> from tariffs imposed on complete system shipments into the U.S., parts and tools required for ASML&#8217;s field operations within the U.S., the material imports that ASML needs to manufacture in its U.S.-based facilities, and the reciprocal tariffs imposed by other countries on ASML&#8217;s shipments from the U.S.
Price Action: ASML stock is down 6.95% at $635.70 at last check Wednesday.
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Photo courtesy Skorzewiak via Shutterstock

Guidance

Dividends

SSNLF

ASML CFO Incorporates Tariff Impact In Outlook, Reveals Strong Demand For Advanced EUV And High NA Systems

U.S. major indices traded lower at midday Wednesday, pressured by sharp declines in tech and semiconductor stocks after Washington tightened chip <a href="https://www.benzinga.com/topic/china">export restrictions to China.</a>
The U.S. government has barred Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) from selling its H20 chips to China — a move that could wipe out an estimated $5.5 billion from the company's projected quarterly revenue. Nvidia shares slid nearly 7%.
Other chipmakers also felt the heat. Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) dropped 6% as its MI308 chips fall under the new licensing requirements.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) sank 3.4%, extending the sector&#8217;s losses. Adding to the drag, Dutch chip equipment giant ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) missed quarterly revenue estimates, sending its shares down 5%.
On the macro front, March retail sales surprised to the upside, rising 1.4% month-over-month — topping forecasts of 1.3% and marking the strongest monthly <a href="https://www.benzinga.com/25/04/44837237/march-retail-sales-post-highest-surge-in-over-two-years-as-us-consumers-anticipate-tariff-jitters">gain since January 2023.</a>
Meanwhile, the U.S. dollar saw renewed selling pressure, with the dollar index dipping back below 100. Treasury yields were little changed, with the 10-year yield holding steady near 4.33%.
Gold continued its stellar run, surging 2.5% to a fresh record high of $3,320 per ounce as demand for safe-haven assets remains robust.
In commodities, oil prices rebounded sharply, with WTI crude climbing 2% to $62 a barrel. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also edged up 1.3% to around $84,500.
All eyes are now on Fed Chair Jerome Powell, who is set to speak at the Economic Club of Chicago later this afternoon.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,318.86</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,872.38</td>
<td>-0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,340.12</td>
<td>-1.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,501.22</td>
<td>-1.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 11:30 a.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.9% to $532.68.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased 0.1% to $403.09.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;tanked 1.7% to $450.31.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.5% to $185.84.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.1%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 2.2%.</li>
</ul>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Gainers On Wednesday</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>5.39%</td>
</tr>
<tr>
<td>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)</td>
<td>4.33%</td>
</tr>
<tr>
<td>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>)</td>
<td>4.17%</td>
</tr>
<tr>
<td>APA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>)</td>
<td>3.92%</td>
</tr>
<tr>
<td>The Mosaic Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>)</td>
<td>3.84%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Worst 5 Losers On Wednesday</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>)</td>
<td>-8.40%</td>
</tr>
<tr>
<td>NVIDIA Corporation </td>
<td>-6.81%</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc.</td>
<td>-5.81%</td>
</tr>
<tr>
<td>KLA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>-4.77%</td>
</tr>
<tr>
<td>The Interpublic Group of Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>)</td>
<td>-4.71%</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44832771/the-ball-is-in-chinas-court-trump-says-as-white-house-awaits-beijings-call-china-needs-to-make-a-deal-with-us">&#8216;The Ball Is In China&#8217;s Court&#8217;: Trump Says As White House Awaits Beijing&#8217;s Call — &#8216;China Needs To Make A Deal With Us&#8217;</a></li>
</ul>
Photo: Shutterstock

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ASML publishes 2024 Annual Reports

ASML publishes agenda Annual General Meeting 2025

ASML and imec sign strategic partnership agreement to support semiconductor research and sustainable innovation in Europe

ASML reports €7.7 billion total net sales and €2.4 billion net income in Q1 2025

ASML discloses 2025 AGM results

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