35 AI Superstars According to Goldman Sachs

17. 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. The company focuses on making and selling lithography machines. These machines are essential for companies who want to manufacture smaller chips. The lithography machines use photolithography, a process in which a light source is used to expose circuit patterns from a photomask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a meaningful portion of the cost of making cutting-edge chips that are faster and more efficient than previous models. Chipmakers require EUV lithography tools developed by ASML to continue past the 10-nanometer process node.

Berenberg analyst Tammy Qiu recently lowered the price target on ASML Holding N.V. (NASDAQ:ASML) stock to EUR 945 from EUR 1,100 and kept a Buy rating on the shares. Deutsche Bank analyst Robert Sanders also recently lowered the price target on ASML to EUR 950 from EUR 1,100 and kept a Buy rating on the shares.