ASML Holding N.V. (ASML) Is A Top AI Stock In Billionaire Ken Fisher’s Portfolio - Yahoo Finance

ASML Holding N.V. (ASML), a leading global semiconductor equipment manufacturer, plays a pivotal role in the artificial intelligence (AI) boom, primarily due to its dominance in high-end EUV (extreme ... Read original →

ASML’s High-NA EUV systems have become the critical bottleneck in AI chip manufacturing, dictating the pace of sub-3nm production. While NVIDIA drives architectural innovation, its AI GPU roadmap hinges on ASML’s capacity—creating a silent dependency. Geopolitically, U.S. export controls compel TSMC and Samsung to build U.S. fabs, inflating ASML’s deployment costs and logistical complexity. Nikon and Canon remain irrelevant in EUV, confined to legacy lithography. Over the next 12–24 months, ASML’s backlog will stretch into 2028, with High-NA tools priced above $300M pushing gross margins beyond 55%. Yet, over-reliance on a few clients—TSMC alone takes >60% of EUV shipments—risks pricing power erosion. The true long-tail impact: global advanced-node capacity will remain bottlenecked by ASML’s optical supply chain, cementing its role as the hardest lever in AI infrastructure.