ASML: The Monopoly At The Heart Of The AI Revolution
Summary
ASML Holding N.V. holds a monopoly on EUV lithography, making it the critical enabler of advanced semiconductor and AI c...
ASML Holding N.V. holds a monopoly on EUV lithography, making it the critical enabler of advanced semiconductor and AI chip production. ASML benefits from insatiable, structural demand for compute driven by AI, government subsidies, and edge computing, ensuring long-term growth and pricing power. Scarcity of ASML's technology, robust financials, and expanding service revenues reinforce its unique position and justify premium valuation multiples.