ASML Builds Machines that Make AI Chips. Why It's Missing Out on the Boom.

Core Insights - ASML stock has underperformed compared to other companies in the AI supply chain, raising questions about the factors contributing to this lag [1] Company Analysis - ASML is a key player in the semiconductor equipment industry, particularly known for its lithography machines essential for chip manufacturing [1] - The company faces challenges in capitalizing on the AI boom, as its technology is not directly aligned with the immediate demands of AI chip production [1] - Despite strong demand for semiconductors, ASML's stock performance has not reflected the overall growth in the sector, indicating potential market misalignment [1] Industry Context - The AI supply chain is rapidly evolving, with companies that provide AI-specific hardware and software seeing significant stock price increases [1] - ASML's position in the semiconductor industry is critical, but its current offerings may not fully meet the needs of AI-focused companies, which could hinder its growth prospects [1] - The competitive landscape in the semiconductor equipment market is intensifying, with other firms potentially gaining an edge in AI-related technologies [1]