10 Trending AI Stocks on Wall Street

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

Number of Hedge Fund Holders: 78

ASML Holding N.V. (NASDAQ:ASML) is one of the 10 Trending AI Stocks on Wall Street. On October 9, Bernstein raised the firm’s price target on the stock to $935 from $743 and kept a Market Perform rating on the shares. The firm cited an improved 2026 outlook behind the rating affirmation.

ASML rallied over 50% in the past two months, driven by several positive industry developments. From Samsung restarting its Taylor fab, to TSMC accelerating U.S. capacity buildout, and expectations of an HBM and DRAM upcycle, this rally was well justified.

Bernstein anticipates ASML to guide for growth in 2026. An increased EUV (extreme ultraviolet lithography) demand coming from the DRAM sector is quite likely. The firm also has an upbeat outlook regarding DUV (deep ultraviolet) equipment sales to China.

It sees ASML’s China revenue falling 16% in 2026 instead of 23%, anticipating stronger demand due to China’s push for chip production and advanced fab expansion. The leading-edge buildout will likely begin in 2025 and potentially accelerate in 2026.

ASML Holding N.V. (NASDAQ:ASML) develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing.