35 AI News You Should Not Miss

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

Number of Hedge Fund Holders: 81 

ASML Holding N.V. (NASDAQ:ASML) makes and sells advanced semiconductor equipment systems. JPMorgan recently raised the price target on the stock to $1,207 from $1,202 and kept an Overweight rating on the shares. The advisory said the investor base had suddenly gotten very bearish on ASML through the summer. While there were some reasons for this, namely the Intel capex cut, the slow recovery of the consumer semiconductor market and worries about China restrictions on semi cap companies, the long-term bear thesis on ASML was overstated, the advisory told investors in a research note. JPMorgan said that litho intensity in memory would rise because the growth memory was high bandwidth memory which was litho centric.

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