ASML’s Q2 Beat Fails to Impress as Bernstein Flags Order Weakness

ASML Holding N.V. (NASDAQ:ASML) is one of the AI Stocks Investors Are Watching Closely On July 16, Bernstein lowered the firm’s price target on the stock to $743 from $806 and kept a “Market Perform” rating on the shares.

The analysts told investors in a research note that ASML has reported pretty strong Q2 results with revenue/margin and order beats. It also reiterated its 2025 guidance with 15% growth from last year.

However, closer inspection by the firm has revealed that orders are also not as strong as they seem. In particular, there has been a EUR1.4B backlog adjustment seen due to “customers’ response to export controls.”

ASML’s Q2 Beat Fails to Impress as Bernstein Flags Order Weakness

ASML Holding N.V. (NASDAQ:ASML) develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing.

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: 10 Trending AI Stocks in Focus This Week and 10 AI Stocks Gaining Attention on Wall Street.

Disclosure: None.