Jim Cramer Says Strong ASML Numbers Could Fuel Semi Buying Spree

ASML Holding N.V. (NASDAQ:ASML) is one of the stocks that Jim Cramer shared insights on. Cramer mentioned the stock while discussing the performance of semiconductor stocks.

“Next, we know the semiconductors have become the hottest group in the market, as the torch has been passed from software to hardware. Will that extend ASML, the Dutch semiconductor capital equipment company with an effective monopoly on its stage of the supply chain? We could be in for another round of semi buying if the numbers from this one are good.”

Jim Cramer Says Strong ASML Numbers Could Fuel Semi Buying Spree

A technician in a clean room working on a semiconductor device, illuminated by the machines.

ASML (NASDAQ:ASML) develops and supplies advanced lithography systems, metrology tools, and software solutions used in semiconductor manufacturing. The company’s technologies enable chipmakers to produce highly precise and complex integrated circuits. During a May episode, when a caller inquired about the company stock, Cramer responded:

“No…. The last couple quarters have been weak, I’ve gotta tell you. By the way, Applied Materials reported a quarter that some people didn’t like tonight. If you want to be in that industry, you have to buy Lam Research. That’s the best one.”

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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Disclosure: None. This article is originally published at Insider Monkey.