Why I'm Not Selling ASML After a 230% Gain
The Dutch lithography leader remains a strong long-term investment.
Why I'm Not Selling ASML After a 230% Gain
Overview
I started investing in ASML (NASDAQ: ASML) in early 2021. As of this writing, I'm sitting on an unrealized gain of about 230% on that position, which accounts for 5% of my portfolio. It might seem prudent to take some profits, but I'm not planning to sell my shares anytime soon.
ASML, which is based in the Netherlands, is the world's largest producer of lithography machines for optically etching circuit patterns onto silicon wafers. It's also the only producer of extreme ultraviolet (EUV) lithography systems, which the world's top foundries -- including TSMC and Samsung -- use to manufacture their most advanced chips.
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Originally published at www.fool.com.
