ASML stock poised to bounce back, Barron’s says

ASML (ASML) is slumping as China has rushed to stockpile lower-end ASML equipment ahead of what might be tighter trade restrictions starting soon, Intel (INTC) makes a bold push to expand in chip manufacturing, and amid a slump in consumer devices and their chips, Jack Hough writes in this week’s edition of Barron’s. A return to growth for ASML, however, seems likely. Timing will depend on demand for phones, personal computers, cars, and gaming machines — as well as whether Intel and Samsung (SSNLF) are able to lure Taiwan Semi customers to their foundries, the author says.