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# ASML: Why I'm Reissuing My Sell Rating (Archive)
- URL: https://www.huntingalphas.com/asml-why-im-reissuing-my-sell-rating-archive/
- Published: 2025-05-20T16:19:00.000Z
- Updated: 2026-02-28T17:12:53.000Z
- Description: ASML faces slowing demand, margin headwinds, rich valuation and weak technicals, warranting a Sell rating.
- 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 book-to-bill metrics indicate slower demand. And tariffs pose additional challenges to revenues and gross margins via higher input costs.
- Slower product upgrade cycles due to oversupply conditions with Chinese semi-players are likely to pressure gross margins further in H2 FY25.
- ASML stock valuation multiples are a little higher than the longer-term median levels.
- ASML technicals look weak relative to the S&P500, as the buyers' attempt up has lacked strength and momentum.
- I expect China to release more news about its EUV developments. Whilst this is a longer-term risk to ASML's virtual monopoly position in EUVs, de-rating of ASML stock would be premature as China is still years behind ASML.

Read the full article [here](https://seekingalpha.com/article/4788522-asml-why-im-reissuing-my-sell-rating?ref=huntingalphas.com).

#### Disclosures and Disclaimers

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