ASML Holding (ASML) Secures $8 Billion EUV Equipment Order

ASML Holding N.V. (NASDAQ:ASML) is one of the 10 best AI chip stocks to buy according to hedge funds.

On March 25, SK Hynix Inc. announced its plans to spend roughly $8 billion for the purchase of Extreme Ultraviolet (EUV) lithography chip production equipment from ASML Holding N.V. (NASDAQ:ASML) by the end of 2027. According to Reuters data, ASML’s order backlog stood at €38.8 billion at the end of 2025.

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This move by SK Hynix is aimed at competing with Samsung Electronics Co., Ltd. (OTC:SSNLF) to supply DRAM and HBM memory chips, according to Bloomberg’s reporters Yoolim Lee and Sarah Jacob. The purchase agreement between the two companies remains valid until 2027.

On March 5, Didier Scemama from Bank of America Securities increased the price target on ASML Holding N.V. (NASDAQ:ASML) from 1,868 to $1,886. The analyst reaffirmed a Buy rating on the stock that now offers an adjusted upside potential of more than 43% following the upward revision.

According to Scemama, the company increased its estimates due to constrained Foundry and DRAM supply. Consequently, the firm marginally increased its earnings per share estimates by a range of 4% to 6% for the calendar years 2026 to 2028.

ASML Holding N.V. (NASDAQ:ASML) offers advanced lithography solutions to the semiconductor manufacturing industry. The company provides the deep and extreme UV systems needed for pattern integrated circuits. Additionally, it uses electron beam equipment, optical metrology systems, and computer software for thorough chip defect investigation.

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.

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