ASML shares rose more than 2% to a record high

ASML shares rose more than 2% to a record high.

ASML Holding is a Dutch multinational company specializing in developing, producing, and maintaining photolithography machines. ASML is a major supplier to the semiconductor industry. The firm offers chipmakers with hardware, software, and services for mass-producing microchips. ASML works to develop more affordable, more powerful, and more energy-efficient microchips. ASML contributes to ground-breaking science that solves some of humanity's most pressing issues, such as healthcare, energy use and conservation, mobility, and agriculture. The semiconductor industry has been on a tear lately due to the shortage, lifting ASML to elevated levels.

ASML has benefited greatly from an increased emphasis on digitization among developed nations.

The recent repurchase creates an asymmetric risk-reward opportunity.

The valuation is quite high but the company's impressive growth prospects justify the premium.