This chipmaker equipment stock could be beneficiary of Nvidia

ASML is poised to grow as semiconductor equipment demand picks up, particularly following Nvidia and Intel's $5 billion deal , according to Bank of America. The bank, which has a buy rating the stock, raised its price target on U.S.-listed shares to $1,082 from $833. That signals 16% upside from Thursday's close. "While the [Intel] deal stops short of a foundry agreement between the two parties, we think that a potentially more competitive Intel in both datacenters and PCs should be positive for semicaps," analyst Didier Scemama said in a note to clients. Under the $5 billion deal, Intel will incorporate its central processing units into Nvidia's AI platforms, in addition to adding its partner's graphics to its CPUs. The partnership will also give struggling Intel a much-needed capital inj