When a company like Nvidia (NASDAQ: NVDA) becomes a popular artificial intelligence (AI) stock pick, it becomes difficult to invest in the company due to an inflated stock price. When that happens, it's best to look a few levels down in the supply chain and examine some other winners.

A hardware company like Nvidia has multiple suppliers it utilizes to bring its best-in-class products to market. One key company in its supply chain is ASML (NASDAQ: ASML): Its extreme ultraviolet (EUV) lithography systems are required to produce the world's most transistor-dense and powerful chips, such as those that go into the Nvidia GPUs designed for training AI models.

So should you invest in ASML?

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Source Fool.com