13 Stocks Jim Cramer Commented On

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1. ASML Holding N.V. (NASDAQ:ASML)

Number of Hedge Fund Holdings: 82

ASML Holding N.V. (NASDAQ:ASML) is one of the most important technology companies in the world. It is a semiconductor manufacturing equipment provider and the only company capable of manufacturing high-end EUV chip machines that produce the latest AI chips. ASML Holding N.V. (NASDAQ:ASML)’s shares are up by 103% over the past year and by 20% year-to-date. Bernstein reiterated an Outperform rating and a $1,642 share price target for the firm in January on the back of structural tailwinds for the next couple of years. The financial firm added that ASML Holding N.V. (NASDAQ:ASML) can beat consensus expectations for its upcoming earnings report on January 28th. UBS also discussed the firm. It raised the share price target to €1,400 from €1,030 on the back of higher earnings estimates and demand strength across memory and logic chips. Like Bernstein, the bank also commented that ASML Holding N.V. (NASDAQ:ASML) can surpass its earnings estimates. Similarly, Cramer discussed the demand for the firm’s products:

“Okay, so, here’s the ones that have a shortage that can’t be met. . .ASML. . .Those stocks are up . . .27[%] ASML, this is from the year began.”

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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