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# ASML: An Indirect But Very Real Beneficiary Of The AI Memory Supercycle (Archive)
- URL: https://www.huntingalphas.com/asml-an-indirect-but-very-real-beneficiary-of-the-ai-memory-supercycle-archive/
- Published: 2026-01-13T01:14:00.000Z
- Updated: 2026-02-28T19:54:38.000Z
- Description: ASML is poised to ride an AI-fueled DRAM supercycle and High‑NA EUV ramp.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, ASML, Tech

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- ASML’s DRAM memory supercycle should drive a strong rebound in bookings and book-to-bill, as leading DRAM makers add substantial greenfield capacity that requires more complex lithography.
- High-NA EUV is progressing from R&D into commercial ramp, with Intel and other customers preparing for 14A and advanced nodes, supporting a recovery in system sales from late FY26 onwards.
- Increasing High-NA EUV volumes should help ASML progress toward its FY30 gross margin target, as scale reduces High-NA dilutive effects and lifts the overall margin mix.
- ASML’s valuation premium versus major semiconductor equipment peers is near historical trough levels, while technicals show a decisive bullish breakout versus the S&P 500.
- China contributed a high share of ASML revenue recently, but management expects significantly lower China demand in 2026 even as total FY26 sales remain at or above FY25.

Read the full article [here](https://seekingalpha.com/article/4858966-asml-an-indirect-but-very-real-beneficiary-of-the-ai-memory-supercycle?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*