Prediction: This Artificial Intelligence (AI) Semiconductor Stock Will Join the $1 Trillion Club by 2028 - The Globe and Mail

This article predicts that ASML, a Dutch semiconductor equipment manufacturer, will join the trillion-dollar market cap club by 2028, becoming the world's 20th-largest company. ASML dominates the glob... Read original →

ASML’s path to a $1 trillion valuation by 2028 hinges not just on AI-driven chip demand but on its irreplaceable role as the sole supplier of EUV lithography systems for sub-3nm nodes. This technological choke point forces upstream optical and material vendors to align with ASML’s aggressive delivery timelines, while downstream foundries—especially TSMC (Taiwan, China), Samsung, and Intel—face escalating geopolitical premiums due to U.S. export controls that delay shipments and inflate costs. Competitors like Nikon and Canon lack viable EUV alternatives but may pivot toward niche markets like advanced packaging lithography with Japanese government backing. Over the next 12–24 months, ASML’s revenue resilience will persist even if AI capex moderates, as foundry capacity ramps remain locked to its tool availability—cementing a multi-year lead into the 2nm era.