ASML (ASML) is Facing a Shortage That Can’t Be Met, Says Jim Cramer

We recently published 13 Stocks Jim Cramer Commented On.  ASML Holding N.V. (NASDAQ:ASML) is one of the stocks Jim Cramer commanded on.

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:

ASML (ASML) is Facing a Shortage That Can't Be Met, Says Jim Cramer

“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 risk and potential of ASML as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ASML and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.