Jim Cramer on ASML: "I'm Concerned About the Stock"

ASML Holding N.V. (NASDAQ:ASML) is one of the stocks Jim Cramer talked about. When a caller inquired about the company, Cramer remarked:

“I’m concerned about the stock. Let me tell you why: Because Applied Materials reported tonight, and they had some down beat things to say. I think that’s going to hit ASML. I think ASML is doing incredibly well, but I do think that this group is all joined at the hip, and ASML will go down tomorrow off of Applied Materials. Let it bottom if you want to buy more. I prefer to not be in the semiconductor capital equipment companies right now because they’re too linked to China and therefore, they are too erratic.”

ASML Holding N.V. (NASDAQ:ASML) develops and services advanced semiconductor equipment, specializing in lithography, metrology, and inspection systems. Its portfolio includes extreme and deep ultraviolet lithography machines, computational lithography software, and upgrade and support solutions for chipmakers.

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