Jim Cramer advises waiting for a dip in ASML shares following a $75 rise, citing strong semiconductor equipment demand.
Jim Cramer suggested investors wait for a pullback in ASML (NASDAQ:ASML) after the stock climbed $75, avoiding a potential top-tick entry. He highlighted the company’s role in semiconductor lithography equipment amid ongoing chip shortages.
ASML and peers like Applied Materials and KLA have rallied 29-39% since January, driven by expectations of rising orders as chipmakers expand production. The sector’s gains trail memory and storage stocks but still offer room for growth.
Cramer emphasized the stock’s momentum but cautioned against chasing the recent surge, favoring a lower entry point for long-term potential.