10 AI News Updates You Should Not Miss

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9. ASML Holding N.V. (NASDAQ:ASML)

Number of Hedge Fund Holders: 64 

ASML Holding N.V. (NASDAQ:ASML) makes and sells advanced semiconductor equipment systems. On November 29, Bernstein lowered the price target on the stock to $767 from $815 and kept an Outperform rating on the shares. The advisory took down its 2025 wafer fab equipment estimate to $107 billion, down 1% year-over-year, from $115 billion, and 2026 spending estimate to $116 billion from $122 billion. The WFE cut reflects lower China spending given potential US restrictions and a weaker outlook on NAND and logic, the advisory told investors in a research note.

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