This is Why ASML Holding NV (ASML) is One of the Top Tech Stocks in Billionaire Ken Fisher’s Portfolio

ASML Holding NV (NASDAQ:ASML) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 13, Goldman Sachs reiterated its Buy rating on ASML Holding NV (NASDAQ:ASML) and hiked the price target to €1,600 from €1,570.

This is Why ASML Holding NV (ASML) is One of the Top Tech Stocks in Billionaire Ken Fisher's Portfolio

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The bullish stance and price target hike come amid expectations that the company is poised for tremendous growth in artificial intelligence demand. In addition, the company is exposed to China revenue and to customer-market-driven manufacturing inefficiencies. The investment bank also believes the company is benefiting from leading-edge semiconductor demand and higher spending on wafer fabrication equipment.

ASML Holding NV’s competitive edge is also expected to expand as extreme ultraviolet lithography gains a larger share of the product mix. In addition, it boasts of greater exposure to leading-edge memory compared to other semiconductor equipment makers in Europe.

Given the solid fundamentals, Goldman Sachs believes the stock is trading at a slight discount relative to peers in the global semiconductor capital equipment market. It also views the stock’s valuation as unjustified, given the accelerating AI-related growth and increasing exposure to leading-edge memory.

ASML Holding NV (NASDAQ:ASML) is the world’s leading manufacturer of lithography systems, which are essential machines used by semiconductor companies (like TSMC, Samsung, and Intel) to print tiny circuit patterns onto silicon wafers, enabling the mass production of advanced microchips.

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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