ASML ASML Holding
ChipsPosition Summary
Shares
3
Avg Price
$1,372.78
Cost Basis
$4,118
Conviction
8/10
Investment Thesis
Monopoly supplier of EUV lithography — essential for leading-edge chip production.
Key Arguments
Bull Case
Sole supplier of EUV lithography machines. Literally no alternative.
Bear Case
Cyclical capex swings. China export restrictions cut TAM.
What Would Make Us Sell
Loss of EUV monopoly or sustained order book decline.