We recently published a list of Jim Cramer Defended American Superiority and Discussed These 13 Stocks. In this article, we are going to take a look at where ASML Holding N.V. (NASDAQ:ASML) stands against other stocks that Jim Cramer discussed.
In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer highlighted the often-overlooked role of currency fluctuations and explained why a weaker U.S. dollar might actually benefit American companies:
“The tariffs are going to be offset by the weak dollar. People forget that. And weak dollar’s good. We have a lot of people who work at the network who think weak dollar’s bad. I don’t know where they get that, because if you listen to a conference call, the weak dollar could save us from the tariffs.”
READ ALSO: Jim Cramer’s List of 16 Stocks to Buy Right Now and Jim Cramer Answers If the Market Has Bottomed and Weighs In On 11 Stocks.
As the conversation shifted toward geopolitical risks and the strategic rivalry with China, Cramer referenced the book Death by China to illustrate fears about China’s technological dominance and the potential consequences for U.S. national security:
“Look, in 2011, I got Death by China. When you stop, and the book is about Navarro, and it’s basically about World War III. He doesn’t mention that. I’m adding that. Graham Allison talks about World War III. He was one of my professors. So, hey, listen up. You can’t even, so it’s not even stock right now, but Death by China just talks about their grand plan to take us over. And when you go back and read it, it’s more cogent than you thought. It’s like Ghost Ship, which is one that Mark Benioff gave me about how our Navy eventually is going to be made of all Chinese chips and we go to use it against the Chinese and nothing happens.”
While discussing the increasing competition between American and Chinese companies, Jim Cramer re-affirmed his position that the U.S. is still very much ahead of China, saying:
“I think that there should be a great competition and real arms race. We shouldn’t be helping them and let’s see who wins. […] Look, I think that we’re unbelievably great. We’re well ahead in scale. I don’t trust the Chinese. I would never want to use their stuff because I think that they would in the end be, you’d be captive to that regime. I think that we’re still ahead.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on April 16th.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A technician in a clean room working on a semiconductor device, illuminated by the machines.
ASML Holding N.V. (NASDAQ:ASML)
Number of Hedge Fund holders: 86
ASML Holding N.V. (NASDAQ:ASML) came up in a discussion about chip equipment makers facing increased uncertainty due to new U.S.-China tariffs. Cramer highlighted concerns about ASML’s exposure to China and emphasized the company’s importance in chip manufacturing, saying:
“Right, ASML. I was thinking about them, and I was thinking about, they ought to hire a guy named Glenn Kirby. They had to hire the United Airlines guy because they had no idea what’s going on. Then I look at … I tried to see the China breakdown on this page seven of their deck, 27% with China. Used to be 41%. Maybe we need them again. […]
But again I come back to the idea that what is someone could look at this at the in the government and say, wait a second, what is this? It’s 27% China. Well, you know, here’s what I’m doing to that.”
Overall, ASML ranks 12th on our list of stocks that Jim Cramer discussed. While we acknowledge the 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. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ASML but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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