New Zealand Moves to Ban Social Media for Children Under 16 
Nvidia Options Price in $280 Billion Earnings Swing 
OpenAI Data Center Chief Chris Malone Exits Ahead of Planned 2027 Listing 
SK Hynix Shares Fall as Workers Reject Wage Deal 
Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules 
Google Expands Gemini Enterprise With AI Tools for Legal Sector 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
Unitree Shares Plunge 45% After Blockbuster IPO, Raising China Tech Bubble Fears 
HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook 
Woodside Drops $5 Billion Clean Energy Plan as Profit Rises 7% 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
Countries Tighten Social Media Bans for Children 
J.P. Morgan Upgrades Diploma, Lifts Price Target to 8,250p 
29 US states are suing Meta. What might it mean for the rest of the world? 
Luxshare Shares Rise as First-Half Profit Jumps 18% 
Add as a preferred source on Google
BofA Global Research has named ASML Holding its top stock pick in the semiconductor capital equipment sector, maintaining a Buy rating as analysts see the Dutch chipmaking equipment giant trading at an unwarranted discount to its peers.
ASML currently trades at 20.3 times estimated CY2027 EV/EBIT, representing a 7.7-turn discount to its historical median of 28.0 times. The company also trades at a 1.6-turn discount to global semiconductor equipment peers, which average 21.9 times EV/CY2027 EBIT. In contrast, major U.S. competitors are valued at premiums of 6.1 to 7.0 times above their historical averages.
BofA maintained its Buy rating on ASML stock and set a €2,452 price objective. The firm expects ASML to deliver a 27% revenue compound annual growth rate, the second-highest among large-cap semiconductor capital equipment companies and above the peer average of 22%.
Earnings growth could be even stronger. ASML is forecast to achieve a 39% EPS CAGR, compared with an average of 33% among competitors. BofA’s forecasts are also above current consensus estimates.
The bank expects ASML to post the sector’s strongest gross margin expansion over the next three years, rising 4.6 percentage points versus approximately 1-2 percentage points for peers. A richer product mix, increased software attachment rates and future equipment price increases are expected to support margins.
BofA also highlighted rising lithography intensity as a bullish catalyst. Lithography is expected to account for roughly 26% of semiconductor manufacturing spending this year, up from 24.6% in CY2025, supported by accelerating extreme ultraviolet (EUV) adoption in DRAM production and higher layer counts.
ASML’s growth outlook is further supported by strong demand. The company’s CFO recently said ASML has room to raise equipment prices, while EUV production capacity is nearly fully booked through the end of 2027.
Meanwhile, Elon Musk is scheduled to appear virtually at an upcoming technology conference to discuss his Terafab project, adding further attention to advanced semiconductor manufacturing and equipment demand.
