ASML Holding N.V. (NASDAQ:ASML) saw its price target lowered by Bernstein to $743 from $806 with a “Market Perform” rating. Despite strong Q2 results, orders are weaker than they appear, with a EUR1.4B backlog adjustment due to export controls. Analysts believe other AI stocks may offer better returns.

ASML develops and sells semiconductor equipment like lithography systems. While it has potential, analysts suggest other AI stocks may have greater upside. For a potentially undervalued AI stock with Trump-era tariff benefits, check out their free report. Explore other trending AI stocks on Insider Monkey.

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Read more at Yahoo Finance: ASML’s Q2 Beat Fails to Impress as Bernstein Flags Order Weakness