Reaffirms 2030 revenue targets and double-digit EUV growth on Investor Day

We recently compiled a list of the 15 AI stocks dominating headlines. In this article, we’ll take a look at where ASML Holding NV (NASDAQ:ASML) stands against the other AI stocks dominating the headlines.

The European Union recently released the first draft of the General Purpose AI Code of Practice under the AI ​​Act, its comprehensive framework aimed at regulating artificial intelligence. This section of the AI ​​Act, which became law earlier this year, specifically targets providers of general-purpose AI models, setting out the standards and practices they must follow to ensure responsible development and deployment of AI to guarantee. Some of the AI ​​models that will be affected by regulations created as discussions about this draft progress include GPT models from OpenAI and Claude from Anthropic.

Read more about these developments by visiting 10 Best AI Data Center Stocks And 10 buzzing AI stocks according to Goldman Sachs.

Meanwhile, London-based AI startup Tessl recently raised more than $125 million in a funding round led by leading venture capital firms such as Index Ventures, Accel, GV and Boldstart. According to a report from TechCrunch, this has brought the startup’s valuation to over $500 million. The startup is building an AI-native platform that developers and their teams can use to create and maintain software. The company is still developing the product and plans to launch it on the open market sometime next year. The basic idea behind the company is to help write code that meets the specifications of developers and their teams, in natural language or code.

Read more about these developments by visiting 30 Top AI Stocks According to BlackRock And Beyond the Tech Giants: 35 Non-Technical AI Possibilities.

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A technician in a cleanroom working on a semiconductor device, illuminated by the machines.

Market capitalization: $268 billion

ASML Holding NV (NASDAQ:ASML) makes and sells advanced semiconductor equipment systems. At an Investor Day meeting on November 14, the company reaffirmed long-term expectations, saying it expects annual revenue of between approximately $46.23 billion and $63.04 billion, with gross margin between 56% and 60% in 2030. Analysts had expected the company to have revenues of about $46.23 billion to $63.04 billion in 2030. will generate revenues of $60.89 billion by 2030. The company also expects double-digit EUV lithography CAGR for both advanced logic and DRAM between 2025 and 2030. It also promised to increase dividends and buy back shares during that period.

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