ASML Holding N.V. (NASDAQ:ASML) is in the spotlight this week, with an increased price target of EUR1,000.00 following a quarterly earnings beat and raised outlook. The company reported robust EUV lithography bookings and anticipates flat-to-up revenue in 2026 driven by AI demand.

ASML’s order intake of EUR5.4 billion exceeded estimates by 650 basis points, with EUV orders growing 57% quarter-over-quarter. Memory orders surged 186%, signaling a recovery in memory spending. The firm remains positive on the stock, expecting AI tailwinds to drive further upside surprises.

ASML develops and sells advanced semiconductor equipment, including lithography systems for chip manufacturing. While the company shows promise as an investment, other AI stocks may offer greater upside potential with lower risk. For insights on undervalued AI stocks, check out a free report on the best short-term AI stock.

Read more at Yahoo Finance: ASML Earnings Beat and Raised Outlook Spark Bullish Analyst Calls