Blackrock’s 30 Most Important AI Stocks

17. 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. Wall Street is closely monitoring the financial progress of the company. As per the report of the third quarter of 2024, total net sales were €7.5 billion, gross margin was 50.8%, net income was €2.1 billion, and quarterly net bookings were €2.6 billion, of which €1.4 billion of EUV. The company is well-positioned to capitalize on the growing demand for artificial intelligence technologies. With an expected average sales growth rate of 8%-14% over the next five years, ASML is set to benefit from the increasing adoption of AI in various industries. Moreover, ASML’s leading position in EUV lithography technology gives a significant competitive advantage. The company’s ability to innovate and maintain its technological lead is crucial for its customers, who rely on ASML’s products to manufacture advanced microchips. These developments are expected to help fuel global semiconductor sales to over $1 trillion by 2030, which translates into an annual semiconductor market growth rate of approximately 9% in the period 2025-2030.