Global Equities Rebound, International ETFs Gain Attention
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2026
0mins
Should l Buy ASML?
Source: Benzinga
- International Market Recovery: In 2025, the global market index surged approximately 32%, nearly double the U.S. market benchmark's 17% return, indicating a potential portfolio rotation that has caught investors' attention.
- Strong ETF Performance: The SPDR Portfolio Developed World ex-US ETF climbed over 30% in the past year, holding more than 2,300 developed-market stocks, positioning it prominently within the international recovery narrative while maintaining low fees.
- Currency Dynamics Impact: The weakening U.S. dollar boosted returns for overseas assets, particularly in Europe, where Spain's IBEX 35 index jumped around 50% and Germany's DAX rose about 23%, reflecting the positive effects of fiscal stimulus and a rebound in financial stocks.
- Potential Long-Term Trend: While American tech giants remain dominant, analysts suggest that international equities still trade at a valuation discount, and higher dividend yields abroad strengthen the case for diversification, indicating that the resurgence of international ETFs may represent a durable trend.
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Analyst Views on ASML
Wall Street analysts forecast ASML stock price to rise
12 Analyst Rating
12 Buy
0 Hold
0 Sell
Strong Buy
Current: 1468.720
Low
1385
Averages
1583
High
1911
Current: 1468.720
Low
1385
Averages
1583
High
1911
About ASML
ASML Holding N.V. is a holding company based in the Netherlands. The Company operates through its subsidiaries in the Netherlands, the United States, Italy, France, Germany, the United Kingdom, Ireland, Belgium, South Korea, Taiwan, Singapore, China, Hong Kong, Japan, Malaysia and Israel. The Company operates through one business segment which is engage in development, production, marketing, sales, upgrading and servicing of advanced semiconductor equipment systems, consisting of lithography, metrology and inspection systems. The Company offers TWINSCAN systems, equipped with lithography system with a mercury lamp as light source (i-line), Krypton Fluoride (KrF) and Argon Fluoride (ArF) light sources for processing wafers for manufacturing environments for which imaging at a small resolution is required. TWINSCAN systems also include immersion lithography systems (TWINSCAN immersion systems).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Growth Prospects in Storage and Semiconductor Industries
- Storage Market Shortage: The surge in demand from AI data centers has led to a significant shortage of DRAM and NAND memory, causing prices to nearly double since the end of last year, with expectations for continued increases, creating a favorable environment for memory manufacturers like Sandisk, which analysts predict will see its revenue double this fiscal year, helping the company return to profitability.
- Sandisk Earnings Outlook: Sandisk's earnings per share are expected to double from $39.76 to $80.90, with the current stock price only 8 times the latter figure, indicating substantial future growth potential, although investors should be cautious about entry points after a 130% rebound from its 2025 low.
- ASML's Market Position: ASML holds over 80% market share in the ultraviolet lithography equipment sector, and despite its machines costing around $400 million each, major semiconductor companies like TSMC and Samsung will continue to invest in its technology to avoid falling behind in competition.
- AI Hardware Market Growth: Global Market Insights forecasts that the global AI hardware market will grow at an average annual rate of 18%, with ASML's revenue expected to at least match this growth rate, suggesting that its stock may still have room for further appreciation after significant gains.
See More
US Stocks Bounce Back Led by ASML, Micron, and Nvidia
- Market Bounce: The stock market extended its bounce, led by ASML, Micron, and Nvidia, indicating a gradual recovery in investor confidence towards tech stocks, although the overall market still faces resistance.
- S&P 500 Resistance: The S&P 500 index encountered technical resistance during the rebound, suggesting potential short-term adjustment pressures, prompting investors to proceed with caution.
- Earnings Expectations: Walmart's upcoming earnings report is highly anticipated, with the market closely watching its performance, which could significantly impact the overall retail sector trends and influence investor sentiment and market direction.
- Tech Stock Performance: The strong performance of ASML, Micron, and Nvidia not only propelled the market rebound but may also attract more capital into tech stocks, intensifying competition and innovation within the industry.
See More
US Stocks Close Higher on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, exceeding expectations of 0.3%, indicating a rebound in capital spending that boosts market confidence and drives stock prices higher.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the housing market that could stimulate investment and consumption in related sectors.
- Manufacturing Production Growth: January manufacturing production rose by 0.6% month-over-month, stronger than the expected 0.4%, marking the largest increase in 11 months, indicating a recovery in manufacturing that supports overall economic growth expectations.
- Optimistic Stock Market Performance: Over 75% of S&P 500 companies reported earnings that beat expectations, with Q4 earnings growth projected at 8.4%, providing strong support for the stock market despite lingering doubts about future interest rate policies.
See More
ASML's Market Outlook Compared to Micron and Oracle
- ASML Growth Outlook: ASML anticipates a 14% revenue increase and a 20% earnings jump in 2025, driven by a robust order backlog and sustained demand for AI chips, with its market cap expected to rise from $546 billion, underscoring its leadership in the semiconductor sector.
- Micron's Market Performance: Micron Technology's stock surged over 313% in the past year, with a market cap of $463 billion, and is projected to double its revenue and triple its earnings in 2026, indicating strong growth potential in the memory market that could see it surpass ASML in the coming year.
- Oracle's Order Backlog: Oracle's remaining performance obligation reached $523 billion, up 438% year-over-year, with a forecasted 17% revenue growth to $67 billion in FY 2025, suggesting that despite an 8% stock decline, its substantial backlog will drive future revenue growth.
- Valuation Discrepancy: Micron's forward P/E ratio stands at 13, significantly lower than ASML's 40, and given its rapid growth potential, it is expected to command a higher market valuation, potentially surpassing ASML within the next year.
See More
ASML's Market Cap Soars Amid Competitors' Rapid Growth
- ASML Market Growth: ASML's market cap has reached $546 billion and is expected to continue rising over the next year, primarily due to its unique position in extreme ultraviolet (EUV) lithography machines, which are crucial for meeting the increasing demand for chips, especially in artificial intelligence (AI).
- Micron's Strong Growth: Micron Technology's stock has surged over 313% in the past year, with a market cap of $463 billion, and is expected to further close the gap with ASML in the coming year as its revenue growth significantly outpaces ASML's, with earnings projected to triple by 2026.
- Oracle's Investment Challenges: Oracle's market cap stands at $462 billion, and despite an 8% decline in stock price over the past year, it plans to raise $45 billion to $50 billion to expand AI infrastructure, addressing a massive $523 billion backlog, indicating substantial future growth potential.
- Rising Market Prices: Market research firm TrendForce anticipates DRAM and NAND flash prices will increase by 80%-85% and 55%-60%, respectively, further driving Micron's earnings growth, while its forward P/E ratio of 13 is significantly lower than ASML's 40, highlighting its future valuation potential.
See More
US Stock Markets Rise on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, surpassing expectations of 0.3%, indicating a rebound in capital spending and boosting market confidence in economic recovery.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly exceeding expectations of 1.304 million, suggesting a revival in the real estate market that could drive growth in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which indicates a recovery momentum in manufacturing that may further propel economic growth.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, which will further boost market sentiment and attract investor interest.
See More
Growth Prospects in Storage and Semiconductor Industries
- Storage Market Shortage: The surge in demand from AI data centers has led to a significant shortage of DRAM and NAND memory, causing prices to nearly double since the end of last year, with expectations for continued increases, creating a favorable environment for memory manufacturers like Sandisk, which analysts predict will see its revenue double this fiscal year, helping the company return to profitability.
- Sandisk Earnings Outlook: Sandisk's earnings per share are expected to double from $39.76 to $80.90, with the current stock price only 8 times the latter figure, indicating substantial future growth potential, although investors should be cautious about entry points after a 130% rebound from its 2025 low.
- ASML's Market Position: ASML holds over 80% market share in the ultraviolet lithography equipment sector, and despite its machines costing around $400 million each, major semiconductor companies like TSMC and Samsung will continue to invest in its technology to avoid falling behind in competition.
- AI Hardware Market Growth: Global Market Insights forecasts that the global AI hardware market will grow at an average annual rate of 18%, with ASML's revenue expected to at least match this growth rate, suggesting that its stock may still have room for further appreciation after significant gains.
See More
US Stocks Bounce Back Led by ASML, Micron, and Nvidia
- Market Bounce: The stock market extended its bounce, led by ASML, Micron, and Nvidia, indicating a gradual recovery in investor confidence towards tech stocks, although the overall market still faces resistance.
- S&P 500 Resistance: The S&P 500 index encountered technical resistance during the rebound, suggesting potential short-term adjustment pressures, prompting investors to proceed with caution.
- Earnings Expectations: Walmart's upcoming earnings report is highly anticipated, with the market closely watching its performance, which could significantly impact the overall retail sector trends and influence investor sentiment and market direction.
- Tech Stock Performance: The strong performance of ASML, Micron, and Nvidia not only propelled the market rebound but may also attract more capital into tech stocks, intensifying competition and innovation within the industry.
See More
US Stocks Close Higher on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, exceeding expectations of 0.3%, indicating a rebound in capital spending that boosts market confidence and drives stock prices higher.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly surpassing the expected 1.304 million, suggesting a recovery in the housing market that could stimulate investment and consumption in related sectors.
- Manufacturing Production Growth: January manufacturing production rose by 0.6% month-over-month, stronger than the expected 0.4%, marking the largest increase in 11 months, indicating a recovery in manufacturing that supports overall economic growth expectations.
- Optimistic Stock Market Performance: Over 75% of S&P 500 companies reported earnings that beat expectations, with Q4 earnings growth projected at 8.4%, providing strong support for the stock market despite lingering doubts about future interest rate policies.
See More
ASML's Market Outlook Compared to Micron and Oracle
- ASML Growth Outlook: ASML anticipates a 14% revenue increase and a 20% earnings jump in 2025, driven by a robust order backlog and sustained demand for AI chips, with its market cap expected to rise from $546 billion, underscoring its leadership in the semiconductor sector.
- Micron's Market Performance: Micron Technology's stock surged over 313% in the past year, with a market cap of $463 billion, and is projected to double its revenue and triple its earnings in 2026, indicating strong growth potential in the memory market that could see it surpass ASML in the coming year.
- Oracle's Order Backlog: Oracle's remaining performance obligation reached $523 billion, up 438% year-over-year, with a forecasted 17% revenue growth to $67 billion in FY 2025, suggesting that despite an 8% stock decline, its substantial backlog will drive future revenue growth.
- Valuation Discrepancy: Micron's forward P/E ratio stands at 13, significantly lower than ASML's 40, and given its rapid growth potential, it is expected to command a higher market valuation, potentially surpassing ASML within the next year.
See More
ASML's Market Cap Soars Amid Competitors' Rapid Growth
- ASML Market Growth: ASML's market cap has reached $546 billion and is expected to continue rising over the next year, primarily due to its unique position in extreme ultraviolet (EUV) lithography machines, which are crucial for meeting the increasing demand for chips, especially in artificial intelligence (AI).
- Micron's Strong Growth: Micron Technology's stock has surged over 313% in the past year, with a market cap of $463 billion, and is expected to further close the gap with ASML in the coming year as its revenue growth significantly outpaces ASML's, with earnings projected to triple by 2026.
- Oracle's Investment Challenges: Oracle's market cap stands at $462 billion, and despite an 8% decline in stock price over the past year, it plans to raise $45 billion to $50 billion to expand AI infrastructure, addressing a massive $523 billion backlog, indicating substantial future growth potential.
- Rising Market Prices: Market research firm TrendForce anticipates DRAM and NAND flash prices will increase by 80%-85% and 55%-60%, respectively, further driving Micron's earnings growth, while its forward P/E ratio of 13 is significantly lower than ASML's 40, highlighting its future valuation potential.
See More
US Stock Markets Rise on Strong Economic Data
- Strong Economic Data: US December capital goods new orders rose 0.6% month-over-month, surpassing expectations of 0.3%, indicating a rebound in capital spending and boosting market confidence in economic recovery.
- Housing Market Recovery: December housing starts increased by 6.2% month-over-month to 1.404 million, significantly exceeding expectations of 1.304 million, suggesting a revival in the real estate market that could drive growth in related sectors.
- Manufacturing Production Growth: January manufacturing production rose 0.6% month-over-month, beating expectations of 0.4%, marking the largest increase in 11 months, which indicates a recovery momentum in manufacturing that may further propel economic growth.
- Optimistic Corporate Earnings: Over 75% of S&P 500 companies reported earnings that exceeded expectations, with Q4 earnings growth projected at 8.4%, which will further boost market sentiment and attract investor interest.
See More
