ASML Holding (ENXTAM:ASML) Faces An AI Pullback, Is The Stock Too Expensive?

What happened: ASML Holding (ENXTAM:ASML) shares fell in a broad selloff of AI-exposed chip stocks, with investors awaiting its October 14 earnings report. Key numbers: 1 day return -1.78%, 7 day -3.11%, 30 day +6.94%, year to date +62.38%, 1 year total shareholder return 98.07%, 3 year 186.31%. Last close €1,601.60. Narrative fair value €920, seen 74% overvalued. Mistral investment roughly US$1.3b. Why it matters: Valuation now competes with growth as the main talking point ahead of earnings, as the most followed narrative sees the stock about 74% above fair value. Market: -1.7% by next close ($1,750.24 on Oct 12), +42.3% YTD

ASML Holding (ENXTAM:ASML) shares fell in a broad selloff of AI-exposed chip stocks, with investors awaiting its October 14 earnings report.

Valuation now competes with growth as the main talking point ahead of earnings, as the most followed narrative sees the stock about 74% above fair value. Market: -1.7% by next close ($1,750.24 on Oct 12), +42.3% YTD