ASML Holding N.V. (ASML) Upgraded to Buy Amid Strategic Moves and Industry Tailwinds

ASML Holding N.V. (NASDAQ:ASML) is one of the best growth stocks to buy and hold for the long term. On September 22, Erste Group upgraded ASML Inc. from Hold to Buy, citing its dominant position in advanced lithography systems. The firm emphasized ASML’s recent investment in French AI startup Mistral as a strategic step toward diversifying its revenue and boosting profitability in the semiconductor sector.

Erste Group also pointed to NVIDIA’s stake in Intel as a catalyst for ASML’s growth, suggesting that Intel’s strengthened core business could lead to increased demand for ASML’s equipment. With these developments, Erste anticipates a rise in future orders, positioning ASML for stronger performance in the evolving chipmaking landscape.

ASML Holding N.V. (NASDAQ:ASML) designs and manufactures advanced semiconductor manufacturing systems, primarily lithography machines, which chipmakers use to print integrated circuits on silicon wafers. These systems are essential for producing the microchips that power most modern electronic devices.

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