11 Stocks on Jim Cramer’s Radar

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

Number of Hedge Fund Holdings: 82

ASML Holding N.V. (NASDAQ:ASML) is the world’s leading manufacturer of high-end chip fabrication machines. Its machines are typically used in the lithography phase of semiconductor fabrication. Lithography is among the earliest phases of making a chip, and it involves transferring complex circuit designs onto the wafer. ASML Holding N.V. (NASDAQ:ASML)’s shares are up by 92% over the past year and by 22% year-to-date. Barclays recently discussed the firm’s stock. It raised the share price target to €1,500 from €1,200 and bumped the rating to Overweight from Neutral. At the core of Barclays’ upgrade was lithography machine requirements stemming from the buildout of gigawatt-scale AI data centers. Some AI trends that the bank outlined that could generate tailwinds for ASML Holding N.V. (NASDAQ:ASML) include humanoid robots and consumer AI adoption. The firm’s machines, due to their importance in the chip manufacturing process, have also been sanctioned from being sold to China. Cramer discussed this aspect:

“ASML is, people I hate it when people keep saying that they don’t make anything in Europe. ASML is the best there is, they have a monopoly on that. That’s the one company that China really fears. China really wants their product, and they’re just saying, we can’t. . .”

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 this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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