Clear Street Group Inc. Sells 14,212 Shares of ASML Holding N.V. $ASML - MarketBeat

In Q4 2026, Clear Street Group Inc. reduced its ASML Holding N.V. (ASML) stake by 58.8%, selling 14,212 shares, leaving it with 9,964 shares valued at approximately $10.66 million. Despite this reduct... Read original →

Clear Street’s ASML sell-off reflects tactical profit-taking amid lofty valuations, not weakening fundamentals. ASML’s near-total EUV dominance—critical for sub-3nm AI chip production at TSMC, Samsung, and Intel—cements its role as the semiconductor supply chain’s chokepoint. Rivals like Canon and xLight remain technologically non-viable at scale, lagging by 2–3 process generations in yield and throughput. While U.S.-Netherlands export controls raise compliance costs, they paradoxically boost ASML’s pricing power through licensing scarcity. Over the next 12–24 months, High-NA EUV deployment for HBM4 and AI accelerators will transform ASML from equipment vendor to gatekeeper of advanced capacity, with order visibility stretching into 2028. Its 66.8x P/E is a structural premium, not froth.