Revealed: A Cheap Semiconductor Stock is One of This Wall Street Pro’s “Top Picks” for 2026

Group 1: Semiconductor Market Overview - The VanEck Semiconductor ETF (NASDAQ:SMH) has gained over 48% in 2025, indicating strong performance in the semiconductor sector [1] - Concerns raised by Dr. Michael Burry regarding AI and semiconductor stocks may have led some investors to miss out on significant gains [2] - Despite potential corrections in 2026, the current dynamics suggest that shorting semiconductor stocks may not be advisable [3] Group 2: ASML as a Key Investment - ASML (NASDAQ:ASML) is highlighted as a top pick for investors, particularly due to its unique position in the high-end lithography equipment market [6] - The stock is currently trading at a forward price-to-earnings (P/E) ratio of just over 34, which, while on the higher end historically, is considered reasonable given upcoming catalysts [7] - TD Cowen has set a price target of $1,331 for ASML, citing potential for margin expansion, despite the company facing competition from China in EUV lithography technology [8]