20 AI News That Broke The Internet This Month

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13. 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. Earlier this month, Dutch authorities said they would expand export licensing requirements for the DUV immersion lithography systems sold by ASML Holding N.V. (NASDAQ: ASML), effectively aligning the policies of the US and Netherlands in this regard. China has expressed dissatisfaction over the move, even going as far as to say that it would damage the relationship between the two countries over cooperation in semiconductors. The stock of the European chipmaker has also been impacted by a ratings downgrade from UBS, which has a Neutral rating on the shares with a price target of EUR 900. In an investor note, the advisory claimed that the company’s lithography intensity was plateauing in both logic and memory and artificial intelligence demand was an insufficient offset.

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