ASML Holding N.V. New York Registry Shares (ASML) — the peer cohort

Long reads

• The Agentic Winners 25Dossier · $49 · 31 Mar 2026ASML makes extreme ultraviolet lithography machines.
• Where to Invest in the AI Chip Constraint ChainDossier · $29 · 3 Mar 2026ASML's High-NA EUV (€350M/unit) enters volume deployment.
• Who Owns the AI Chip Buildout?Dossier · $39 · 12 Feb 2026EUV embargo / yield ceilings / talent drain / overcapacity glut 🇪🇺 Europe Equipment gatekeeper (ASML 100% EUV).
• Two and a half months of lower highs, then a second low that held above the first — and on Friday the oscillator turned.Chart Pick · 4 Sept 2026The Philadelphia Semiconductor Index rose more than 3%; Nvidia is breaking out to new all-time highs; Applied Materials rose 5%, Marvell, Micron, ASML and Arm about 4%, AMD and Intel 3%, Astera Labs 11%.
• TSMC — The Toll at the Only BridgeReport · 13 Aug 2026Sources TSMC, Q2 2026 earnings release and guidance, 16 July 2026 — investor.tsmc.com TSMC Q2 2026 earnings call transcript and coverage — 16 July 2026; CNBC on the Arizona commitment TSMC 2026 Technology Symposium disclosures…
• Situational Awareness — Crushed While CorrectReport · 2 Aug 2026The fund evidently distinguished between first-wave names it considered finished (Nvidia, ASML, Broadcom, AMD, Oracle, the SMH complex — puts without meaningful offsetting calls) and constraint-chain names caught in first-wave wrappers…
• Chip Testing — The Verification TaxReport · 29 Jul 2026TSMC and Nvidia are the next parts of this series, and the genuinely contested cases — ASML, HBM as distinct from commodity DRAM, the power chain — are where the rubric will earn its keep.
• Sector Rotation — Three Rotations, One WeekWeekly Signal · 19 Jul 2026The prints came in good to record-setting — ASML's capacity frame, TSMC's record quarter, Netflix's growth — and the tape sold every one of them.

101 and glossary

• AI Barbell Strategy: Long Infrastructure, Short Disrupted Incumbents101ASML's EUV machines are required by every advanced fab.
• AI Infrastructure Outlook 2026: Layers, Risks, and Positioning101ASML's High-NA EUV is ramping but won't impact supply meaningfully until late 2026.
• DXY (US Dollar Index)GlossaryFor AI infrastructure investors, the DXY matters because many supply chain companies are non-US (TSMC in Taiwan, ASML in the Netherlands, Samsung in South Korea) — a strong dollar compresses their valuations when converted to USD terms.
• Economic MoatGlossaryIn AI investing, Closelooknet distinguishes between physics-based moats (ASML's EUV monopoly, TSMC's fabrication lead) and software moats (which agentic AI may erode).
• EUV (Extreme Ultraviolet Lithography)GlossaryASML is the sole supplier of EUV machines.
• LithographyGlossaryThe chip-manufacturing step that uses light to pattern circuits onto silicon; ASML's EUV monopoly defines the leading edge.
• Non-US Tech: The Widest Valuation Gap in a Decade101The standard explanation — US companies deserve premiums for growth and innovation — ignores that many of the most critical AI supply chain companies are non-US: ASML (Netherlands), TSMC (Taiwan), SK Hynix (Korea), BESI (Netherlands)…
• PhotolithographyGlossaryThe leading edge requires extreme ultraviolet (EUV) light, which is the source of ASML's strategic position.

Dailies

• Big Tech Week — Brazil ETF −15% on Lula's win, Musk calls a neocloud die-off, Kospi −1.5%; verdicts tonightMorning 10 · 26 Oct 2026Watch the European semi open — ASML and ASM International — for which side of the Pacific Europe follows, and whether SOXX can hold Friday's stabilisation at the US open.
• Chips — the washout hits 7%, Asia refuses to follow, and oil funds close at 52-week highsMorning 10 · 23 Oct 2026The chip ETFs fell six to seven percent — SOXX −6.8%, SMH −6.0% — with the equipment and optics names worst: Lam Research −11.8%, Coherent −12.5%, Lumentum −11.5%, Fabrinet −10.8%, Applied Materials −8.2%, ASML −6.9%.
• Asia — sea of red: Kospi −4%, SK Hynix −6.5%, Taiwan and Hong Kong follow after a sold earnings nightMorning 10 · 22 Oct 2026Watch the European semi open (ASML, ASM International) for the hand-off, and the US memory names (Micron, the DRAM basket that rose 3% Wednesday) at the open.
• Memory — Seoul Sells the BeatDaily Pulse · 22 Oct 2026Tokyo lost 2.7%, Hong Kong 3.1%, and Europe's chip-equipment flagship ASML trades 3.3% lower.
• Big Tech Earnings — Seoul buys back the chip sell-off as Tesla, Meta, IBM, SAP and Lam Research report tonightMorning 10 · 21 Oct 2026three of the last four earnings tests in the complex have scored flat (ASML, now TSMC) or been sold; when record numbers stop earning gains, the burden of proof has shifted from the bears to the bulls
• Earnings — Records No Longer Get PaidDaily Pulse · 21 Oct 2026The three companies whose reports are the AI build-out's actual revenue — Micron, ASML, TSMC — printed record quarters within three weeks, and all three scored flat: −0.1%, −0.2%, +0.7%.
• Chips — one day of bounce, then Asia sells it: Kospi −4.3%, SK Hynix −5.3%, Nasdaq futures lowerMorning 10 · 20 Oct 2026TSMC — the window closes tonight, 0.5% under its entry; ASML scored flat Monday
• Chips — the open follows Seoul, then turns: chip index from −2.4% to +0.7%; small caps +1.6%Midday 10 · 20 Oct 2026Lam Research is down 2.4% at 265.54 — it touched −4.4% after the open — a day before its results; KLA −2.1% to 162.84, Applied Materials −1.8% to 405.85, ASML's US shares −0.4% to 1,641.33.