10 AI Stocks That Could Go Parabolic According to Financial Media

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

Number of Hedge Fund Holders: 81 

ASML Holding N.V. (NASDAQ:ASML) makes and sells advanced semiconductor equipment systems. ASML is important to the AI world since it provides lithography systems that are needed to produce microchips. These microchips can be found in smartphones, computers, tablets, cars, industrial equipment, and other consumer electronic products. Latest reports indicate that the company has made a new breakthrough with a latest chip-printing machine, developing an EUV scanner that gives customers access to develop their own High NA EUV use cases. The new machine can create some of the smallest logic and memory chips currently in production.

Peter Wennink, the CEO of ASML Holding N.V. (NASDAQ: ASML), said during the second quarter earnings call that there was healthy growth this year for the firm, primarily driven by AI-related demand for both Logic and Memory but also expected from other end markets as inventory levels improved. He added that there were secular growth drivers for the company in the semiconductor end markets, such as energy transition electrification and AI.