Why I'm Not Selling ASML After a 230% Gain - Yahoo Finance

This article analyzes why an investor remains committed to holding ASML shares despite a 230% gain. ASML, the world's leading manufacturer of lithography machines, particularly dominates the extreme u... Read original →

ASML’s surge stems not merely from AI-driven chip demand but from a full-stack technological cascade: high-NA EUV is pushing sub-3nm nodes toward volume production, compelling TSMC and Samsung to accelerate tool deployments while forcing parallel upgrades in EDA, photoresists, and metrology. Geopolitical compliance costs have been effectively passed on—U.S. export controls restrict some DUV shipments to China, yet ASML mitigates supply chain risk by integrating core modules in the Netherlands, simultaneously boosting service margins. With Nikon and Canon falling further behind in EUV capability, they’re retreating to mature-node equipment, while Chinese foundries, barred from EUV access, pivot to chiplet-based workarounds. Over the next 18 months, revenue will bifurcate into high-NA ramp-up and a burgeoning secondary market for legacy tools, cementing ASML’s pricing power despite cyclical capex volatility.