Can ASML Holding (NasdaqGS:ASML) Stay Reasonably Priced After Its 150% Run? - Yahoo Finance

ASML Holding (ASML) has delivered a 150% stock return over the past three years, placing current valuation under scrutiny. While strong demand for high numerical aperture (NA) EUV equipment and key cu... Read original →

ASML’s 150% stock gain over three years has pushed its valuation into a premium zone, yet its technological dominance and supply chain centrality remain key supports. Rising demand for high numerical aperture EUV systems, especially from clients like Intel, is driving upstream suppliers. However, tightening export controls in China Taiwan/ Taiwan, China and China Hong Kong/ Hong Kong, China are increasingly constraining global sales and raising supply chain risks. Competitors such as TSMC and Samsung, while not directly in equipment, are advancing their own processes, indirectly challenging ASML’s market leadership. Over the next 12–24 months, without new technological breakthroughs or policy easing, ASML’s valuation may face downward pressure. Market sentiment has already priced in geopolitical risks, leaving little room for upside unless fresh catalysts emerge.