Ken Fisher’s Top AI Stock Pick in 2026: ASML (ASML)

Billionaire Ken Fisher’s Stake: $4.80 billion

ASML Holding (NASDAQ:ASML) has a near‑total monopoly successful the captious lithography industry. It is the lone institution successful the satellite that commercially produces utmost ultraviolet (EUV) lithography systems, which are indispensable for manufacturing the astir precocious semiconductor chips astatine nodes beneath ~5 nm.

Why is nary 1 other competing with ASML Holding (NASDAQ:ASML)? The barriers to introduction are enormous: gathering EUV tools requires multi‑billion‑euro investments and a heavy ecosystem of suppliers and proprietary cognition accumulated implicit decades. No alternate lithography exertion has reached commercialized viability that tin regenerate EUV astatine leading-edge nodes, leaving ASML with a de facto planetary monopoly.

ASML Holding’s (NASDAQ:ASML)  backlog has grown meaningfully. At the extremity of 2025, ASML reported an bid backlog of €38.8 billion, up from a backlog level of €35.9 cardinal astatine the extremity of 2024. 2026 guidance shows continued gross growth. Earlier this year, ASML Holding (NASDAQ:ASML) raised its 2026 gross guidance to €34–39 billion, up from its erstwhile forecast of flat-to-higher income versus 2025’s €32.7 billion, implying a imaginable maturation of 4% to 19% year-over-year, driven by beardown AI spot request and accumulation expansions astatine large customers including TSMC, Samsung, Micron, and SK Hynix. ASML ranks seventh successful our database of the champion AI stocks to bargain according to billionaire Ken Fisher.

Major customers for ASML Holding (NASDAQ:ASML) see the world’s largest semiconductor manufacturers — TSMC, Samsung, Intel, and SK hynix — each of which beryllium connected ASML’s lithography systems.

Polen International Growth Strategy explained successful its capitalist missive wherefore ASML is captious to the AI industry. (Click present to work the afloat text).

While we admit the imaginable of ASML arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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