ASML - next NVDA?

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I have posted few gloom and doom notes on the market. I did mention that downside while deep could be quick to recover. So what's worth buying?

I am watching various stocks, but here are 3 companies at the top of that list that I like. In no particular order: ASML, GOOGL and AGX

ASML has been outperforming SPY, XLK, and SMH since April of 2025. It's essential company to chip producing process. It would be very hard if not impossible for anyone to compete considering $$ and R&D barriers to entry. Maybe long term China could develop something domestically, other than that no known competitors on the horizon.

If stock market would see significant decline, this is the stock I would be buying on discount. Of course I would watch how it performs in that decline.

From technical perspective there is a 4-5 years long triangle formation on the weekly chart (adjusted for inflation) that has been broken out to the upside and any decline from todays price level could be just a retest of that formation.

Obviously dollar cost average can be considered to build a position, but I personally will wait - hopefully this thing doesn't run away from me.

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