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ASML Holding N.V. (NASDAQ:ASML) is one of the AI Stocks That Will Skyrocket.
Financial firm UBS discussed chip manufacturing equipment giant ASML Holding N.V. (NASDAQ:ASML)’s shares on March 10th. It reiterated a Buy rating and a €1,500 price target. On the same day, TD Cowen also discussed the firm. It kept a $1,500 share price target and a Buy rating. ASML Holding N.V. (NASDAQ:ASML)’s dominance in the lithography technology industry played a role in the coverage, as TD Cowen named the firm a top European investment pick. Lithography is one of several stages in the chip manufacturing process, and ASML Holding N.V. (NASDAQ:ASML) is the only company in the world capable of making machines capable of extreme ultraviolet lithography.
Bank of America discussed ASML Holding N.V. (NASDAQ:ASML)’s shares on March 5th. It raised the share price target to $1,886 from $1,868 and kept a Buy rating on the stock. As per BofA, the coverage was part of its raising estimates for the sector due to tight capacity in the foundry and memory industries.
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ASML Holding N.V. (NASDAQ:ASML) Dutch company that makes and sells machines that are used to manufacture semiconductors. It is headquartered in Veldhoven, Netherlands.
While we acknowledge the potential of ASML as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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