ASML Is Becoming the New "Pick-and-Shovel" Stock for the AI Era

ASML serves a foundational role in advancing AI.In the artificial intelligence (AI) era, the companies striking gold are building and training AI models, integrating AI capabilities to enhance existing software (like Meta Platforms), and creating AI-powered data analytics (like Palantir Technologies).Companies that sell picks and shovels can be attractive investments because they benefit from demand for gold mining, rather than relying on a lucky strike to win big. And in AI, the pick-and-shovel players hav ...