ASML: The Stock Remains Expensive Amidst Multiple Uncertainties

Pixelbizz/iStock Editorial via Getty Images Investment Thesis ASML Holding N.V. (NASDAQ:ASML) stock has rallied 40% YTD, largely driven by anticipated long-term higher demand for lithography systems amid the GenAI boom. As ASML exclusively manufactures EUV machines, the transition from the pre-EUV to the post-EUV in the semi industry will create a significant growth opportunity for the company. In 2019, EUV patterning technology was deployed for the mass production of 7nm chips. Now, the company is expe ...