20 Worst Performing AI Stocks of Last Week

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

Weekly Decline: 15.96%

Number of Hedge Fund Holders: 81

ASML Holding N.V. (NASDAQ:ASML) is a semiconductor materials and equipment company based in Veldhoven, Netherlands. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems.

The main selling point for ASML Holding N.V. (NASDAQ:ASML) is that it has a monopoly on crucial EUV technology that’s needed to make advanced semiconductors and memory chips. However, analysts are now beginning to look at the stock with more scrutiny. This is primarily because the company’s earnings are not expected to grow as fast as its high multiple implies.

Generally, ASML Holding N.V. (NASDAQ:ASML) is expected to see growth in the rest of 2024 and through 2025 – the only issue is that this growth does not seem enough. This bearish sentiment, coupled with the general disillusionment with AI stocks in the market today, is resulting in many investors shying away from ASML Holding N.V. (NASDAQ:ASML) shares, leading to the inevitable decline of the stock in September.

ASML Holding N.V. (NASDAQ:ASML) had 81 hedge funds long its stock in the second quarter, with a total stake value of $9.6 billion.

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