ASML's Record Order Intake as a Signal: Why Lam Research Could Disproportionately Benefit

ASML as an Early Indicator: The record order intake of 13.2 billion euros is likely to trigger a wave of orders at Lam. Memory & HBM: Lam disproportionately benefits from 3D-NAND, HBM, and billions in budgets from Micron and TSMC. The news from the Netherlands acts as a wake-up call: ASML reports a record order intake of 13.2 billion euros – almost twice as much as expected. This sets the stage for a new investment cycle from which Lam Research stands to benefit in several waves. In crucial process steps, Lam can leverage this upswing...