Is It Too Late to Buy ASML Stock?

ASML Holding (NASDAQ: ASML) might have to stop calling itself the "most important tech company you've never heard of." As more investors become aware of the crucial role ASML plays in the chip industry, they continue to bid shares higher.

Consequently, stock of the Netherlands-based semiconductor company trades near all-time highs, and its value proposition makes the increases less likely to reverse course. Hence, the more pressing question is whether investors are too late to capitalize on ASML's growth story.

Most semiconductor investors know Taiwan Semiconductor (TMSC) and its importance in the chip industry. However, TSMC is a key customer of ASML, since its lead in manufacturing depends on the latter's extreme ultraviolet lithography (EUV) machines. Peers such as Lam Research and Applied Materials have not matched ASML's technical lead in this area, so it has that market to itself.

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Source Fool.com