10 Best Stocks to Buy Now for High Returns

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​6. ASML Holding N.V. (NASDAQ:ASML)

EPS Growth Next Year: 38.02%

Number of Hedge Fund Holders: 133

ASML Holding N.V. (NASDAQ:ASML) is one of the Best Stocks to Buy Now for High Returns. The stock has gained around 4% over the past month, driven by anticipation of strong earnings expected to be released on July 15. Wall Street is bullish on the stock, with analysts’ 12-month average price suggesting more than 15% upside from the current levels.

​On July 9, Reuters reported that European stocks rose on Thursday after a three-day losing streak. The gains were driven by a greater tech sector rebound as tensions in the Middle East eased. Reuters noted that the STOXX 600 climbed about 0.8% to 640.88 points.

​Notably, ASML Holding N.V. (NASDAQ:ASML) was among the chip stocks driving the rally, gaining 4.8%. It was part of a broader surge in semiconductor names, with peers Siltronic and Soitec jumping 13.4% and 5.9% respectively. According to Reuters, this was fueled by a report suggesting China could grant domestic AI firms limited access to Nvidia’s H200 chips, a development seen as a potential boost to AI infrastructure demand and a key driver for equipment makers like ASML.

​In addition, on July 7, Morgan Stanley raised the firm’s price target on ASML Holding N.V. (NASDAQ:ASML) from EUR 1,600 to EUR 1,830 and maintained a Buy rating on the shares. A day earlier, Bernstein had also raised the price target from $1,971 to $2,623, while maintaining a Buy rating on the shares.

ASML Holding (NASDAQ:ASML) is the world’s leading manufacturer of photolithography machines, which are critical, high-tech systems used by semiconductor companies (like TSMC, Intel, and Samsung) to print tiny circuit patterns onto silicon wafers, effectively creating microchips.

While we acknowledge the potential of ASML to grow, 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 AI stock that is more promising than ASML and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Stocks to Buy Now for High Returns.

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