ASML

ASML

Market cap $619B

During the first quarter, we initiated a position in Alphabet Inc., the parent company of Google and one of the world's most valuable technology franchises. We added to our position in Shopify Inc., the leading global operating system for commerce, after shares pulled back in a broader software sell-off. We exited our investment in Microsoft Corporation due to a combination of near-term execution shortfalls and longer-term structural concerns about its competitive positioning in AI.

In this piece, we'll have the battle of the semi firms with monopolistic firms atop the semiconductor market.

ASML has the edge over KLAC in terms of EUV leadership, a strong backlog, AI-chip tailwinds and a cheaper valuation.

Does ASML (ASML) have what it takes to be a top stock pick for momentum investors? Let's find out.

ASML Holding remains a "hold" as shares are richly valued despite robust fundamentals and a strong AI-driven growth outlook. Q1 results exceeded expectations with €7.15 GAAP EPS and €8.77 billion in revenue, while management raised FY 2026 guidance amid accelerating AI demand. EUV lithography system demand and higher average selling prices support visibility, but export controls and competitive pressures pose risks to margins.

Mistral's semiconductor ambitions underscore the company's bid to control more of its infrastructure as it competes with OpenAI and Anthropic. The French startup also announced a new data center in France designed specifically for inferencing.

In the most recent trading session, ASML (ASML) closed at $1, indicating a -2.09% shift from the previous trading day.

Goldman Sachs just named NVIDIA and Micron Technology the biggest AI winners of the next earnings cycle, and the stock is already moving.

The stock-split conversation is heating up again. KLA announced a 10-for-1 forward split in May 2026, and

During the first quarter, we initiated a position in Alphabet Inc., the parent company of Google and one of the world's most valuable technology franchises. ASML's pricing power and increasing scale support significant gross margin expansion and strong double-digit earnings growth. We believe the combination of accelerating market share capture, new product momentum, and improving profitability positions Rubrik well for long-term growth.