ASML - ASML Holding

Host lists ASML as one of his three strongest AI picks alongside TSMC and Nvidia. Has underperformed recently but host maintains conviction.

Host calls it arguably the greatest company in Europe. Meeting with Elon Musk about $55B Terrafab initiative involving Tesla and SpaceX. Stock hasn't had the move of other semis despite being a guaranteed participant in the AI buildout. Up 3.3% in overnight markets.

ASML mentioned in the context of semiconductor equipment and the Neocloud/AI infrastructure buildout. The hosts note that pretty much every semiconductor company is doing well given compute demand.

Mentioned as printing cash in the semiconductor equipment space. No explicit buy or sell recommendation, but implied caution given his broader semiconductor de-risking.

Tepper trimmed ASML by 20%.

Tepper trimmed ASML by 20%, a notable reduction in his chip equipment exposure.

Tepper trimmed ASML by 20%.

Dorsey trimmed the position after it more than doubled in one year. It remains his largest holding but valuation is no longer cheap — back to fair value or expensive. He's taking some profits to allocate elsewhere.

Mentioned as another AI pickaxe maker that all AI companies must pass through. Like TSMC, Pabrai acknowledges the thesis but has no position due to circle of competence or valuation concerns.

Aschenbrenner holds put options on ASML as part of his broader short against the AI chip stack.