BofA Reaffirms Buy on ASML, Citing DRAM Upside and Recovery Potential in China

ASML Holding N.V. (NASDAQ:ASML) is one of th AI Stocks on the Market’s Radar. On November 26, BofA Securities maintained a Buy rating on the stock with a €986.00 price target. The rating affirmation follows the firms meeting with company CEO Christophe Fouquet and IR Marcel Kemp. One of the firm’s key takeaways from the meeting have been how demand is currently outstripping supply in the DRAM market, with more DRAM orders anticipated in the coming quarters. 2nm logic capacity also continues to build throu ...