Billionaire Ken Fisher’s Latest Portfolio: 10 Best Stocks to Buy

8. ASML Holding N.V. (NASDAQ:ASML)

Fisher Investments’ Stake: $6 billion

Chip manufacturing equipment provider ASML Holding N.V. (NASDAQ:ASML) is one of the most consequential firms in the world. Its high-end EUV chip manufacturing machines are the only ones that allow firms to make the latest products. Consequently, ASML Holding N.V. (NASDAQ:ASML) benefits from the current AI spending boom as demand rises for NVIDIA and other high-end AI GPUs.

Over the year, the firm’s shares are up by 132% while year-to-date they have gained 48%. The complexity of its machines and its position in the market also allows ASML Holding N.V. (NASDAQ:ASML) to command a premium price for its products, as a standard EUV machine from the firm costs between $180 million and $200 million.

ASML Holding N.V. (NASDAQ:ASML)’s forward P/E ratio of 38.91 is also lower than the semiconductor equipment sector’s 41.58. On Wednesday, as the shares rose by 2.3%, the equivalent market capitalization in US dollars rose to $674 billion and made the firm Europe’s most valuable company.

Brown Advisory Global Leaders Strategy stated the following regarding ASML Holding N.V. (NASDAQ:ASML) in its Q1 2026 investor letter:

“ASML Holding N.V. (NASDAQ:ASML), develops, manufactures and markets EUV & DUV lithography systems, metrology and inspection systems & related software solutions, continued to benefit from the build-out of AI infrastructure, maintaining a strong order backlog and positive indications regarding the adoption of High-NA tools required for the production of leading-edge nodes (2 nm and below), where ASML holds a monopoly position in Extreme Ultraviolet (EUV) lithography machines.”