1 Under-the-Radar Stock That Holds the Key to All Advanced Technology
Claiming that one company holds the key to all advanced technology is a big statement, but it's true when you consider what ASML (NASDAQ: ASML) does. It manufactures extreme ultraviolet (EUV) lithography machines, and it's the only company on the planet with the technology to do so. As a result, it holds a technological monopoly in this space.It's important to note that monopolies aren't necessarily illegal, only if they squash competition with anti-competitive practices. ASML hasn't been accused of these practices yet and is so important to technological breakthroughs that it's unlikely it will ever be considered for a breakup.These kinds of companies are quite rare in the stock market, and I want to own them whenever I can, which is one of the reasons why I'm bullish on ASML's stock.Continue reading
Claiming that one company holds the key to all advanced technology is a big statement, but it's true when you consider what ASML (NASDAQ: ASML) does. It manufactures extreme ultraviolet (EUV) lithography machines, and it's the only company on the planet with the technology to do so. As a result, it holds a technological monopoly in this space.
It's important to note that monopolies aren't necessarily illegal, only if they squash competition with anti-competitive practices. ASML hasn't been accused of these practices yet and is so important to technological breakthroughs that it's unlikely it will ever be considered for a breakup.
These kinds of companies are quite rare in the stock market, and I want to own them whenever I can, which is one of the reasons why I'm bullish on ASML's stock.
