UBS Keeps ASML at Top of European Tech Picks as AI Spending Bolsters Chip Equipment Demand
UBS has reaffirmed ASML Holding as its preferred hardware stock in European technology ahead of second-quarter results, pointing to continued AI-led demand that has lengthened the semiconductor cycle. The broker favors semicap over analogue and analogue over telecom equipment, names ASM International and STMicroelectronics alongside ASML as top pic…