ASML Says AI Boom Is Boosting Pricing Power as Chipmakers Agree to Pay More
ASML says chipmakers have accepted higher equipment prices as AI demand strengthens its bargaining power
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Cantor’s C.J. Muse says ASML is effectively sold out through 2028, raises EPS estimates and keeps a €2,500 target, about 65% above the stock’s close.
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ASML says chipmakers have accepted higher equipment prices as AI demand strengthens its bargaining power
Major stock indexes declined on October 14, 2026, as a hotter-than-expected CPI report of 3.7% revived concerns about potential Federal Reserve rate hikes. The S&P 500 fell 0.91%, the Nasdaq dropped 1.31%, and the Dow slipped 0.09%. The semiconductor sector led declines with a 10% drop over five days, while Bank of America fell 6% following a $1.2 billion regulatory fine. CoreWeave plummeted 15% due to rising bond yields, and GlobalFoundries surged after securing a major U.S.-Japan semiconductor initiative with up to $21 billion in funding.
Michael Dell says AI demand could keep memory supply tight for years as new factories take until 2029 or 2030 to arrive.