35 Chip Stocks In Focus Amid Tech Selloff

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

Number of Hedge Fund Holders: 64  

ASML Holding N.V. (NASDAQ:ASML) makes and sells advanced semiconductor equipment systems. In the earnings of the fourth quarter of 2024, the company reported total net sales of €9.3 billion, gross margin of 51.7%, and net income of €2.7 billion. CEO Christophe Fouquet said during the earnings call that the news of DeepSeek developing a large language model more efficiently should not affect chip equipment manufacturers. Even if LLMs can be made with less computing power, it still requires powerful chips to run the AI applications, he said. He further noted that if AI demand continues to be strong and customers are successful in bringing on additional capacity online to support that demand, there is potential opportunity towards the upper end of the range.

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