10 Tech Stocks That Trump’s Fellow Republican Bought Amid Market Rout

5. ASML Holding N.V. (NASDAQ:ASML)

Number of Hedge Fund Holders: 86

ASML Holding N.V. operates as a lithography solutions provider for the production, upgrading, development, marketing, servicing, and sales of advanced semiconductor equipment systems. The company provides metrology, inspection, and lithography systems. It also offers software, hardware, and services to chipmakers for the production of patterns of integrated circuits.

The company reported its Q1 2025 results a few days ago. Revenue growth for the quarter was recorded at 46.4%, along with the net booking growth of 9%. Net income came in at 30.4% of the total sales. Due to advanced configurations and favorable EUV product mix, the gross margin was better than expected. Operating expenses were in accordance with expectations.

Based on strong earnings, the company guided for a promising 2025. ASML maintained its revenue guidance of €30 billion to €35 billion for the year. The growth is anticipated to be aided by Logic and Memory demand. Although AI-related applications are expected to be the major growth driver. Gross margin is projected to be in a range of 51%-53%.  Despite uncertainties due to the tariff-related concerns and macroeconomic conditions, management is confident that 2026 will be a growth year.