ASML is a technological monopoly.
A handful of companies have technological monopolies on some of the world's most important devices. Investing in these companies is a genius move, as they are vital.
One of them, in the artificial intelligence (AI) realm, is ASML ( ASML 1.86% ) . ASML makes extreme ultraviolet (EUV) lithography machines used in the chip manufacturing process. Without ASML, the advanced chip technology used today wouldn't be possible. As a result, it's one of the most important companies in the world.
However, ASML's stock is flat year to date and down around 35% from its all-time high. With other tech giants constantly hitting new all-time highs in the current market, is ASML well positioned to do the same?
ASML's machines are used by foundries worldwide
ASML'