原文標題：
Morgan Stanley latest to downgrade ASML on China, memory, Intel concerns
原文連結：
https://tinyurl.com/mwf7jrbd
發布時間：
2024 09 20
記者署名：
Reuters
原文內容：
AMSTERDAM, Sept 20 (Reuters) - Morgan Stanley on Friday downgraded earnings estimates for computer chip equipment maker ASML (ASML.AS), opens new tab, the latest brokerage to do so following weakness in the memory chip market and concerns over demand from Chinese chipmakers and Intel (INTC.O), opens new tab.
MS followed UBS and Deutsche Bank in cutting estimates and reducing share price targets for ASML after the company's share price slid 30% in July and August.
"Investors may have to wrestle with weakness not just with DRAM (memory chip market) but also with Intel ... and the growing concern that China semiconductor capacity overspend will slow as we look to 2026," MS analysts wrote.
心得/評論：
小結
未來短期內記憶體供過於求
中國問題將影響ASML營收
如果Intel縮減資本支出，對設備商不利
短時間內剩下台積跟三星繼續軍備競賽
成熟製程還有Canon和Nikon以及中國本土做為追兵