Jim Cramer Says Strong ASML Numbers Could Fuel Semi Buying Spree

ASML Holding N.V. (NASDAQ:ASML) is one of the stocks that Jim Cramer shared insights on. Cramer mentioned the stock while discussing the performance of semiconductor stocks.

“Next, we know the semiconductors have become the hottest group in the market, as the torch has been passed from software to hardware. Will that extend ASML, the Dutch semiconductor capital equipment company with an effective monopoly on its stage of the supply chain? We could be in for another round of semi buying if the numbers from this one are good.”

ASML (NASDAQ:ASML) develops and supplies advanced lithography systems, metrology tools, and software solutions used in semiconductor manufacturing. The company’s technologies enable chipmakers to produce highly precise and complex integrated circuits. During a May episode, when a caller inquired about the company stock, Cramer responded:

“No…. The last couple quarters have been weak, I’ve gotta tell you. By the way, Applied Materials reported a quarter that some people didn’t like tonight. If you want to be in that industry, you have to buy Lam Research. That’s the best one.”

While we acknowledge the potential of ASML as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.