ASML Holding (ASML) Among the Best Stocks to Buy For High Returns

ASML Holding N.V. (NASDAQ:ASML) is one of the Best Stocks to Buy Now for High Returns. The stock has gained around 4% over the past month, driven by anticipation of strong earnings expected to be released on July 15. Wall Street is bullish on the stock, with analysts’ 12-month average price suggesting more than 15% upside from the current levels.

​On July 9, Reuters reported that European stocks rose on Thursday after a three-day losing streak. The gains were driven by a greater tech sector rebound as tensions in the Middle East eased. Reuters noted that the STOXX 600 climbed about 0.8% to 640.88 points.

​Notably, ASML Holding N.V. (NASDAQ:ASML) was among the chip stocks driving the rally, gaining 4.8%. It was part of a broader surge in semiconductor names, with peers Siltronic and Soitec jumping 13.4% and 5.9% respectively. According to Reuters, this was fueled by a report suggesting China could grant domestic AI firms limited access to Nvidia’s H200 chips, a development seen as a potential boost to AI infrastructure demand and a key driver for equipment makers like ASML.

​In addition, on July 7, Morgan Stanley raised the firm’s price target on ASML Holding N.V. (NASDAQ:ASML) from EUR 1,600 to EUR 1,830 and maintained a Buy rating on the shares. A day earlier, Bernstein had also raised the price target from $1,971 to $2,623, while maintaining a Buy rating on the shares.

ASML Holding (NASDAQ:ASML) is the world’s leading manufacturer of photolithography machines, which are critical, high-tech systems used by semiconductor companies (like TSMC, Intel, and Samsung) to print tiny circuit patterns onto silicon wafers, effectively creating microchips.

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