Prediction: 1 Semiconductor Stock That Will Be Worth More Than Micron by 2028 - The Motley Fool

This article analyzes investment opportunities in the semiconductor industry, comparing Micron Technology and ASML. Micron has seen its stock price surge nearly 800% due to strong demand for high-band... Read original →

ASML’s edge is shifting from equipment monopoly to ecosystem lock-in: EUV lithography isn’t just a bottleneck for HBM and AI chips—it generates sticky revenue via service contracts and software licensing. Micron, despite its HBM windfall, faces the DRAM industry’s cyclical overcapacity by 2027–2028 as Samsung, SK Hynix, and Taiwan, China ramp production. U.S. export controls may temporarily boost Micron but accelerate China’s domestic memory supply chain, eroding its long-term pricing power. ASML, however, remains irreplaceable—its High-NA EUV has no viable alternative, even under Dutch export curbs. Over the next 12–24 months, TSMC and Intel’s aggressive capex on next-gen EUV will extend ASML’s order visibility, cementing its valuation as critical tech infrastructure rather than a cyclical play.