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Benzinga
Benzinga
Business
Rishabh Mishra

Nvidia Supplier ASML Soars In Quality Rankings As BofA Sees It Winning Big From $5 Billion Intel-Nvidia Deal

ASML Nvidia Intel Corporation BofA Benzinga Edge Stock Rankings
Veldhoven,,Netherlands,,July,20,,2023:,Asml,Holding,Corporation,Headquarters,Glass

ASML Holding NV (NASDAQ:ASML) has made a significant leap in its quality ranking, moving decisively within the top echelon of global stocks, as highlighted by the most recent quality percentile data.

According to an Invezz report summarizing Bank of America's latest outlook, the catalyst for this move is the recent $5 billion agreement between Intel Corp. (NASDAQ:INTC) and Nvidia Corp. (NASDAQ:NVDA), with ASML poised to be a major beneficiary.

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