ASML's stock price has recently been under pressure following reports that a Chinese state-owned enterprise has begun mass production of immersion DUV lithography machines, sparking market concerns about tightening DUV export restrictions from China. Despite this, analysts at Bernstein maintain their highest price target of $2,623, which still represents approximately 50% upside from ASML's current share price of $1,740.99. The analysts' optimistic outlook is based on ASML's monopolistic position in the EUV sector, the positive adoption of High-NA EUV technology, the surge in HBM capacity, and the expanding installed base service business. ASML's 21% revenue growth in the second quarter, exceeding earnings expectations for the fourth consecutive quarter, and the upward revision of its full-year revenue guidance to €43 billion to €45 billion, further support the bullish view.