Is It Too Late to Buy ASML Stock?
ASML's (NASDAQ: ASML) stock recently hit an all-time high as the global chip shortage highlighted the Dutch company's indispensable role in producing the world's most advanced chips.
However, investors might be reluctant to buy ASML after it rallied more than 140% over the past 12 months. Is it too late to buy ASML at these levels, or does this hot chip stock still have room to run?
ASML is the world's top manufacturer of photolithography machines, which are used to etch circuit designs onto silicon wafers. It's also the world's only supplier of top-tier EUV (extreme ultraviolet) lithography machines, which are used to manufacture the industry's smallest 5nm and 7nm chips.
Source Fool.com
