This Critical Chip Company Just Fell 20%. Here's Why I Bought the Dip.

ASML's demand is weakening, but that's a shortsighted take.I recently purchased shares of one of the most critical companies in the chip supply chain. ASML (ASML 0.31%) provides high-end machines that nobody else makes to the chip producers, making it a technological monopoly. With companies like Taiwan Semiconductor Manufacturing (TSM -1.46%) seeing massive chip demand, you'd be forgiven for assuming that ASML's business is booming.However, it's facing some struggles and after the company reported its thir ...