ASML Controls a Critical Market, but Is the Stock Too Expensive?

ASML (NASDAQ:ASML) controls the critical lithography technology used to manufacture the world’s most advanced chips. That gives it a way to benefit from the AI boom without predicting which chip designer wins. Yet its extraordinary competitive position comes with a difficult question: How much should investors pay when China restrictions, High-NA delays, and aggressive expectations are already shaping the stock?

Stock prices used were the market prices of July 3, 2026. The video was published on July 22, 2026. On the date of publication, Rick Orford did not have (either directly or indirectly) positions in any of the securities mentioned in this video.