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ASML Holding NV (NASDAQ:ASML) is one of the 10 Best Performing AI Stocks to Buy. On April 10, UBS named a group of “European Leaders,” which are companies expected to benefit from major structural trends like AI, automation, decarbonization, infrastructure, demographics, and financial reform. These companies are part of UBS’s Global Equity Focus List, which includes its highest-conviction stock ideas based on fundamentals, valuation, and long-term growth potential.

ASML Holding NV (NASDAQ:ASML) is one of the companies on this list. UBS noted that ASML Holding NV (NASDAQ:ASML) has a near-monopoly in EUV technology, which makes it indispensable to AI and high-performance computing growth. The research firm noted that the company enjoys strong pricing power and a long-term demand visibility position, putting it in a strong position for future growth.

Earlier, on April 8, BofA Securities pointed out that it continues to see ASML Holding NV (NASDAQ:ASML) as its top pick in the semiconductor sector. The firm expects the global semiconductor sector to grow significantly and reach a total size of $2 trillion by 2030.

Based on updated estimates, BofA expects ASML Holding NV’s (NASDAQ:ASML) EPS in 2030 to be between EUR 58.4 and EUR 89.5, with a midpoint of EUR 73.2. This suggests a compound annual growth rate of about 23%, supported by solid demand and the company’s strong position in semiconductor manufacturing equipment.

ASML Holding NV (NASDAQ:ASML) is a Dutch company that designs and develops advanced semiconductor equipment systems, including photolithography machines, which are used to produce chips.

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.

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