Morgan Stanley predicts ASML could double its earnings by 2027, driven by increased capex from semiconductor manufacturers. ASML’s stock has already risen 75% in the past year. ASML’s machines are in high demand for AI chips. Morgan Stanley forecasts a 70% increase in ASML stock. Semiconductor giants like TSMC are ramping up capex, benefiting ASML. Micron is also increasing capex by 45% due to high demand for memory chips. SEMI projects a 69% increase in chipmaking capacity, driving demand for ASML. ASML’s earnings could nearly double by 2027, according to Morgan Stanley. ASML’s stock price could potentially jump 81% to $2,407. Consider other top stock picks recommended by The Motley Fool.

Read more at Yahoo Finance: ASML Stock Could Surge 70%, According to a Wall Street Analyst