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ASML Holding N.V. (NASDAQ:ASML) is one of Billionaire Ken Fisher’s Latest Portfolio: 10 Best Stocks to Buy.

Chip manufacturing equipment provider ASML Holding N.V. (NASDAQ:ASML) is one of the most consequential firms in the world. Its high-end EUV chip manufacturing machines are the only ones that allow firms to make the latest products. Consequently, ASML Holding N.V. (NASDAQ:ASML) benefits from the current AI spending boom as demand rises for NVIDIA and other high-end AI GPUs.

Over the year, the firm’s shares are up by 132% while year-to-date they have gained 48%. The complexity of its machines and its position in the market also allows ASML Holding N.V. (NASDAQ:ASML) to command a premium price for its products, as a standard EUV machine from the firm costs between $180 million and $200 million.

ASML Holding N.V. (NASDAQ:ASML)’s forward P/E ratio of 38.91 is also lower than the semiconductor equipment sector’s 41.58. On Wednesday, as the shares rose by 2.3%, the equivalent market capitalization in US dollars rose to $674 billion and made the firm Europe’s most valuable company.

Image by MayoFi from Pixabay

Brown Advisory Global Leaders Strategy stated the following regarding ASML Holding N.V. (NASDAQ:ASML) in its Q1 2026 investor letter:

“ASML Holding N.V. (NASDAQ:ASML), develops, manufactures and markets EUV & DUV lithography systems, metrology and inspection systems & related software solutions, continued to benefit from the build-out of AI infrastructure, maintaining a strong order backlog and positive indications regarding the adoption of High-NA tools required for the production of leading-edge nodes (2 nm and below), where ASML holds a monopoly position in Extreme Ultraviolet (EUV) lithography machines.”

While we acknowledge the potential of ASML as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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