35 Chip Stocks Powering AI Boom

8. 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 has made a name for itself in the AI universe because it is an important supplier to the chip industry. One of the premier products of the firm is the High NA EUV machine. This machine, estimated to cost nearly $380 million, offers greater precision and resolution thanks to a higher numerical aperture. This, in turn, translates to the development of an advanced system around the machine that can manufacture chips with small and complex structures. The firm has many famous customers for this machine, including TSM, Samsung, and Intel, among others.

ASML Holding N.V. (NASDAQ:ASML) is a top European chip stock, according to Wall Street analysts. Bank of America has a Buy rating on the shares with a price target of EUR 1,064. In a recent investor note, the advisory firm cut fiscal 2025 and 2026 estimates of the chipmaker by 11% and 8%, respectively, on the back of lower revenue assumptions, but noted the highly attractive risk/reward profile of the firm at current levels, describing the recent pull back as a particularly enhanced buying opportunity.