We recently published David Tepper Stock Portfolio: 10 Long-Term Stock Picks. ASML Holding N.V. (NASDAQ:ASML) is one of the long-term stock picks.

ASML Holding N.V. (NASDAQ:ASML) is one of the most important firms in the world due to its ability to make advanced chip manufacturing machines. It has been present in Appaloosa Management’s 13F holdings since the fourth quarter of 2013. After remaining the holding until the second quarter of 2014, ASML Holding N.V. (NASDAQ:ASML) reappeared in 2023’s second quarter when the fund held 80,000 shares that were worth $57 million. Since then, the Dutch equipment manufacturer has been a constant part of Appaloosa’s holdings, with the fund’s latest stake being $65 million and coming courtesy of 46,500 shares.

ASML Holding N.V. (ASML) Is One Of Billionaire David Tepper's Longest Held AI Stocks

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Banking giant JPMorgan discussed ASML Holding N.V. (NASDAQ:ASML)’s shares on June 3rd. It raised the share price target to €1,900 from €1,515 and kept an Overweight rating on the stock. A day later, Bank of America raised the share price target to €1,921 from €1,710 kept a Buy rating. BofA’s coverage mentioned ASML Holding N.V. (NASDAQ:ASML)’s extreme ultraviolet lithography (EUV) machines, as it remarked that through production efficiencies, the firm could increase the number of units produced.

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 the cheapest AI stock.

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