ASML Holding N.V. (ASML): Billionaire Steve Cohen Is Buying This Chip Stock

ASML Holding N.V. (NASDAQ:ASML) is one of the 10 Best Stocks to Invest In According to Billionaire Steve Cohen.

Steve Cohen has long admired ASML Holding N.V. (NASDAQ:ASML) stock. His fund first disclosed a position in the company back in the second quarter of 2014. This stake comprised nearly 500,000 shares but was sold off within months. A new position was then opened in the fourth quarter of 2017 but was sold off quickly as well. Since the second quarter of 2019, however, barring a few minor exceptions, the stock has consistently featured in the 13F portfolio of Point72 Asset Management. Latest filings, submitted at the end of the fourth quarter of 2025, show that the fund owned more than 590,000 shares in the company, up 33% compared to filings for the previous quarter.

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ASML Holding N.V. (NASDAQ:ASML) is moving away from standard EUV to High-NA (High Numerical Aperture) EUV machines. Hedge funds view this as a major long-term catalyst for the stock. These machines have had early adoption success. In early 2026, Intel successfully integrated its first High-NA tool into high-volume manufacturing. This has significantly reduced execution risk for other major players like TSMC and Samsung. As chipmakers move toward 2-nanometer and Angstrom-era nodes, the number of critical lithography layers increases. This litho-intensity is a massive tailwind for ASML’s revenue per wafer. Institutional investors are pleased with ASML’s financial outlook for the current year. Management has guided for 2026 total net sales between €34 billion and €39 billion, with gross margins hitting 51%–53%.

While we acknowledge the risk and potential of ASML as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ASML and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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