ASML’s (NASDAQ: ASML) stock price could hit new highs because it is well-positioned for the AI boom, and the chart action is bullish. Up 40% since early September, the market for this semiconductor equipment maker is rallying strongly amid the AI news cycle and analysts' sentiment trends, which are driving it toward a new all-time high. Based on the stock price action, the new high could be reached before year-end and mark the start of a much larger movement.
The market for ASML stock could advance by as much as $300, or 30%, from the critical resistance point relatively quickly. However, investors should be aware of some stumbling blocks that will keep volatility high in the coming months.
