Crossmark Global Investments chief market strategist Victoria Fernandez told CNBC on Wednesday that semiconductor pullbacks are buying opportunities. She pointed to ASML (NASDAQ:ASML | ASML Price Prediction), the Dutch maker of chipmaking lithography systems. She said it cannot produce enough to meet demand, with companies placing orders out to 2030. In her words, that means “continued demand, continued pressure to deliver, higher prices” and support for these companies over the longer term. She told investors to find the areas and stocks with those characteristics, which could be a good place to add to a portfolio.
Her quoted comments focused on ASML. The segment raised Micron Technology (NASDAQ:MU), NVIDIA (NASDAQ:NVDA) and AMD (NASDAQ:AMD).
ASML’s Quarter Was More Complicated Than the Headlines
According to CNBC, ASML is getting order interest through 2030 as profit smashed expectations. Reuters reported that the strong orders eased fears the AI spending boom is running out of steam. Euronews reported record sales alongside a warning that ASML cannot keep up with AI demand. Startup Fortune reported the company raised its 2026 sales outlook for a third time this year.
Revenue missed expectations. XTB reported that ASML disappointed on revenue but delivered stronger profits and raised guidance. Futu reported revenue missed expectations while net profit of 4.96 billion euros far exceeded forecasts, and said ASML is evaluating capacity expansion.
Reports also disagree on the horizon. Most coverage says 2030, while Tech Insider frames the supply shortfall as running through 2028. Most outlets are reporting 2030. CNBC’s phrasing is order interest, while Fernandez described companies placing orders. ASML’s earnings release filed with the SEC says “some customers are expressing an interest in placing orders with us for 2029 and even 2030.” On the call, CFO Roger Dassen said ASML is assessing total customer demand before accepting those orders.
All Four Stocks Are Lower Today and This Week
Bloomberg reported that ASML rose, and Yahoo Finance reported that ASML shares climbed on a raised 2026 outlook. Both headlines ran before the U.S. market opened. In the regular session, the shares are lower, reversing that early move.
| Stock | Oct. 14 Delayed Quote | Today | One Week |
|---|---|---|---|
| ASML | $1,694.30 | -1.37% | -7.62% |
| Micron | $941.46 | -1.22% | -9.96% |
| NVIDIA | $221.71 | -2.98% | -7.33% |
| AMD | $572.41 | -5.47% | -11.86% |
All four stocks are down today and down over the past week. One has fallen by double digits over the week.
Longer Horizons Cut the Other Way
| Stock | YTD | One Year | Five Years | Ten Years |
|---|---|---|---|---|
| ASML | 59.15% | 73.22% | 129.28% | 1,743.54% |
| Micron | 230.07% | 388.88% | 1,322.22% | Not available |
| NVIDIA | 19.16% | 18.01% | 924.01% | 13,594.19% |
| AMD | 167.28% | 164.49% | 411.13% | 8,380.15% |
Over longer periods, these four have posted gains. Fernandez frames a pullback inside that run as an opportunity, and a single session is a small piece of a multi-year record. Micron expects supply and demand conditions to be “much tighter” in 2027 and 2028, matching Tech Insider’s ASML timeline. NVIDIA called its outlook for roughly 70% fiscal 2028 revenue growth supply-constrained, also matching Tech Insider’s timeline. AMD said Helios demand is “tracking ahead of our initial forecasts.” All of that chips still has to be powered and cooled by someone, and we rounded up seven suppliers behind the AI expansion, outside the chipmakers themselves, in a free report here.
Panelists Split Sharply on Inflation and the Fed Path
An economic strategist on the panel said the demand got baked into the price over recent months and expects downstream names to keep outperforming toward year end. That explanation assumes a muted reaction in the stock. ASML’s shares are down both today and over the week.
Chief economist Stephanie Roth said computer prices have risen about 20% year over year and projected that inflation would slow, with CPI close to 0.2%. Both are her figures, and we did not verify either. Published agency price data cited here runs only through August, so the September release cannot be checked against her projection.
Fernandez said she does not see inflation coming back down and expects it to remain a drag. She forecast that the Fed will hold in October and raise rates in December.
Key Claims Investors Should Verify Before Acting
Fernandez’s claims about pricing power or margins, the computer price figure, the inflation projection, and whether the 2030 horizon reflects booked orders or customer interest have not been verified. These are views and secondhand figures that remain unverified.
Order Book Strength and Falling Shares Are Both Real
ASML’s order book is real, and the stocks are falling. Each fact stands on its own. A supply shortage that runs years out can exist alongside a bad week for semiconductor shares.