AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Thematic (Sector/Industry)

<ul>
<li>SOXX rose 1.3% as AMD, Nvidia, and Broadcom rallied on China access and upgrades, while Micron and ASML lagged on memory and High-NA concerns.</li>
<li>ASML warned on 2026 as TSMC and Samsung delay High-NA EUV; newer designs instead boost demand for etch players over lithography.</li>
<li>$136M ETF outflows and a 25% drop in options activity show gains remain narrow, with investors waiting on tariffs and real tech catalysts.</li>
</ul>


SOXX rose 1.3% as AMD, Nvidia, and Broadcom rallied on China access and upgrades, while Micron and ASML lagged on memory and High-NA concerns.
ASML warned on 2026 as TSMC and Samsung delay High-NA EUV; newer designs instead boost demand for etch players over lithography.
$136M ETF outflows and a 25% drop in options activity show gains remain narrow, with investors waiting on tariffs and real tech catalysts.


[Wafer Watch] Top Chipmakers Drive the Index, Broader Market Stalls

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Dispute / Late beverage tycoon’s secret children go to war with official heir over billions</li><li>Nvidia /: Nvidia will soon be allowed to resume sales of AI chips to China, CEO says</li><li>AMCs /: China tightens rules for local AMCs to curb risks in bad-debt market</li></ul>

Dispute / Late beverage tycoon’s secret children go to war with official heir over billionsNvidia /: Nvidia will soon be allowed to resume sales of AI chips to China, CEO saysAMCs /: China tightens rules for local AMCs to curb risks in bad-debt market

CX Daily: Late Beverage Tycoon’s Secret Children Go to War With Official Heir Over Billions 

Technology / Semiconductor / Internet Research

Nicolas Baratte

Equity Bottom-Up

<ul>
<li>ASML has released 2Q25 financials but the conf call is at 3pm. 2Q25 beat by 10% at Operating and Net Income level. 2Q25 bookings are low at €5.5bn. </li>
<li>3Q25 weak revenue guidance, -9% below Consensus. But ASML maintains its 2025 guidance (+15% YoY or € 32.5bn, inline). Key problem: 1H25 revenue growth 34% YoY, 2H25 growth 2% YoY. </li>
<li>Growth should re-accelerate in 2H26 as the impacts of China lower spending, Mature node lower spending, multiple delays or cuts (Intel, Samsung) are fading away. </li>
</ul>


ASML has released 2Q25 financials but the conf call is at 3pm. 2Q25 beat by 10% at Operating and Net Income level. 2Q25 bookings are low at €5.5bn. 
3Q25 weak revenue guidance, -9% below Consensus. But ASML maintains its 2025 guidance (+15% YoY or € 32.5bn, inline). Key problem: 1H25 revenue growth 34% YoY, 2H25 growth 2% YoY. 
Growth should re-accelerate in 2H26 as the impacts of China lower spending, Mature node lower spending, multiple delays or cuts (Intel, Samsung) are fading away. 


ASML 2Q25 Beat but the Steep Slowdown in 2H25 Is Confirmed, It Will Most Likely Extend to 1H26

Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

<ul>
<li>Regional rotation places DM Europe as clear consensus overweight among active Global equity funds.</li>
<li>Seventy-Five percent of funds are overweight UK stocks, with 69.6% overweight France and 70.2% overweight the Netherlands</li>
<li>Novo Nordisk, ASML, Schneider Electric, and AstraZeneca remain key holdings, while a resurgence from European banks and select names like Spotify and LSEG is also starting to stand out.</li>
</ul>


Regional rotation places DM Europe as clear consensus overweight among active Global equity funds.
Seventy-Five percent of funds are overweight UK stocks, with 69.6% overweight France and 70.2% overweight the Netherlands
Novo Nordisk, ASML, Schneider Electric, and AstraZeneca remain key holdings, while a resurgence from European banks and select names like Spotify and LSEG is also starting to stand out.


Europe Reasserted: Consensus Builds as Europe Reclaims Ground from the U.S.

Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

BE Semiconductor Industries NV / Equity Bottom-Up

<ul><li>In this edition: • ASM International - ASML Holding – BE Semiconductor Industries | US wants further export restrictions of high-end semiconductor technology to China • PostNL | opens up its APM network for FedEx for drop-offs and returns</li></ul>

In this edition: • ASM International - ASML Holding – BE Semiconductor Industries | US wants further export restrictions of high-end semiconductor technology to China • PostNL | opens up its APM network for FedEx for drop-offs and returns

What's New(s) in Amsterdam - 17 June (ASM Int'l | ASML Holding | Besi I | PostNL)

Netherlands

ASML Holding N.V. develops, produces, and markets semiconductor manufacturing equipment, specifically machines for the production of chips through lithography. The Company services clients world wide.

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ASML Holding NV (ASML NA)

[Wafer Watch] Top Chipmakers Drive the Index, Broader Market Stalls

AMD, Nvidia, and Broadcom lead the gains, but falling flows, cautious options bets, and structural shifts in chipmaking leave the rally on...

Mint Finance

CX Daily: Late Beverage Tycoon’s Secret Children Go to War With Official Heir Over Billions

TOP STORIES Dispute / Late beverage tycoon’s secret children go to war with official heir over billions More than a year after his death in...

Caixin Global

ASML 2Q25 Beat but the Steep Slowdown in 2H25 Is Confirmed, It Will Most Likely Extend to 1H26

ASML's 2Q25 financials beat expectations, but weak revenue guidance for 3Q25 due to lower bookings. Large growth slowdown in 2H25, likely will...

Nicolas Baratte

Europe Reasserted: Consensus Builds as Europe Reclaims Ground from the U.S.

Regional rotation places Developed Europe as a clear consensus overweight among active Global equity funds, with over 90% of funds positioned ahead...

Steven Holden

What's New(s) in Amsterdam - 17 June (ASM Int'l | ASML Holding | Besi I | PostNL)

In this edition: • ASM International - ASML Holding – BE Semiconductor Industries | US wants further export restrictions of high-end semiconductor...

The IDEA!

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Wafer Watch] Top Chipmakers Drive the Index, Broader Market Stalls

AMD, Nvidia, and Broadcom lead the gains, but falling flows, cautious options bets, and structural shifts in chipmaking leave the rally on...

Mint Finance

CX Daily: Late Beverage Tycoon’s Secret Children Go to War With Official Heir Over Billions

TOP STORIES Dispute / Late beverage tycoon’s secret children go to war with official heir over billions More than a year after his death in...

Caixin Global

ASML 2Q25 Beat but the Steep Slowdown in 2H25 Is Confirmed, It Will Most Likely Extend to 1H26

​ASML's 2Q25 financials beat expectations, but weak revenue guidance for 3Q25 due to lower bookings. Large growth slowdown in 2H25, likely will...

Nicolas Baratte

Europe Reasserted: Consensus Builds as Europe Reclaims Ground from the U.S.

Regional rotation places Developed Europe as a clear consensus overweight among active Global equity funds, with over 90% of funds positioned ahead...

Steven Holden

What's New(s) in Amsterdam - 17 June (ASM Int'l | ASML Holding | Besi I | PostNL)

In this edition: • ASM International - ASML Holding – BE Semiconductor Industries | US wants further export restrictions of high-end semiconductor...

The IDEA!

ASML's 2Q25 financials beat expectations, but weak revenue guidance for 3Q25 due to lower bookings. Large growth slowdown in 2H25, likely will...