ASML Holding N.V. (NASDAQ:ASML) is highlighted as one of the AI Stocks Analysts Are Tracking Closely. BofA Securities analyst raised the price target on the stock to EUR941.00 and maintained a Buy rating following Nvidia’s partnership with Intel, including a $5 billion investment in the struggling chipmaker.

Analysts note a potentially more competitive Intel in datacenters and PCs could benefit ASML, a semiconductor capital equipment provider offering critical lithography systems for chip manufacturing. ASML Holding N.V. develops and sells advanced semiconductor equipment, including lithography, metrology, and inspection systems for chip manufacturing.

Despite the potential of ASML as an investment, some AI stocks may offer greater upside potential with less downside risk. For those interested in undervalued AI stocks benefiting from Trump-era tariffs and onshoring trends, a free report on the best short-term AI stock is available.

Read more at Yahoo Finance: BofA Sees Stronger Demand for ASML’s Chipmaking Tools Amid AI Boom