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On ASML's Valuation: Bubble or Growth Story?
Watching $ASML trade around these levels, over $1800 now, I can't help but feel that a lot of its future growth is already priced in. It's a phenomenal company, no doubt, indispensable for chip manufacturing, but at some point, the valuation multiples just start to look stretched, especially when you consider potential slowdowns in semiconductor demand or increased competition. It feels like the market might be getting a little ahead of itself here. Convince me I'm wrong, what am I missing?
1 comments · 4 points
ASML's valuation is definitely getting up there. While their tech is critical, the multiples are factoring in a lot of best-case scenarios for the next few years. It's tough to justify new money at these levels without a clear catalyst for even more aggressive growth.