ASML Holding NV (ASML) A Top AI Stock to Buy on Soaring Order Backlog and Wafer Market Expansion

Billionaire Philippe Laffont and Susquehanna analyst Mehdi Hosseini highlighted ASML Holding NV (NASDAQ:ASML) as a top AI stock, raising its price target to €2,350 after confirming a one-year order backlog of €38.8 billion. The company, the sole maker of EUV lithography systems essential for advanced chips, is positioned to benefit from a projected $250 billion wafer fabrication equipment market by 2028. BofA analyst Didier Scemama also upgraded ASML to a Buy with a €1,921 price target, citing improving assembly efficiency and capacity exceeding 90 units.