ASML Holding N.V. (NASDAQ:ASML) is one of Billionaire Ken Fisher’s Latest Portfolio: 10 Best Stocks to Buy.
Chip manufacturing equipment provider ASML Holding N.V. (NASDAQ:ASML) is one of the most consequential firms in the world
Its high-end EUV chip manufacturing machines are the only ones that allow firms to make the latest products. Consequently, ASML Holding N.V. (NASDAQ:ASML) benefits from the current AI spending boom as demand rises for NVIDIA and other high-end AI GPUs. Over the year, the firm’s shares are up by 132% while year-to-date they have gained 48%.
The complexity of its machines and its position in the market also allows ASML Holding N.V. (NASDAQ:ASML) to command a premium price for its products, as a standard EUV machine from the firm costs between $180 million and $200 million. ASML Holding N.V. (NASDAQ:ASML)’s forward P/E ratio of 38.91 is also lower than the semiconductor equipment sector’s 41.58. On Wednesday, as the shares rose by 2.3%, the equivalent market capitalization in US dollars rose to $674 billion and made the firm Europe’s most valuable company.