20 Trending AI Stocks on Latest Analyst Ratings and News

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14. 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. Reports released earlier this month claimed that the Dutch authorities, ASML is based in the Netherlands, are considering further limiting the Chinese operations of the chipmaker by not renewing important licenses to repair and provide spare parts for semiconductor equipment in China. These licenses relate to the service of deep ultraviolet lithography (DUV) machines and are due to expire at the end of 2024. These reports came amid US government plans to pressure allies in Europe and Asia to limit export of semi equipment to China.

Morgan Stanley analyst Lee Simpson recently downgraded ASML Holding N.V. (NASDAQ: ASML) stock to Equal Weight from Overweight with a price target of EUR 800, down from EUR 925. The analyst, in an investor note, saw a balanced risk/reward for the shares given late cycle share price dynamics. The note further added that ASML’s risks included weak Intel capacity adds, a slowing DRAM cycle in 2025 and ongoing uncertainties surrounding China demand.

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