Bank of America cut lithography equipment manufacturer ASML’s share price today on the back of slowing demand for the firm’s latest high NA extreme ultraviolet (EUV) lithography machines. ASML is the world’s leading chip equipment manufacturer, and BofA reduced the firm’s share price target to €759 from an earlier €795, as it also reduced ASML’s earnings per share estimates for 2026 and 2027. BofA Cuts ASML Share Price Target As It Forecasts Lower High-End Lithography Equipment Demand BofA’s ASML share price target reduction follows comments from an Intel executive last month, which hinted at the decreasing importance of lithography in […]
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