Few companies have benefited more from the AI gold rush than ASML Holdings N.V. (NASDAQ: ASML), which has a monopoly on a key bottleneck in the semiconductor pipeline.
But its grip on the market was shaken this week by reports that a Chinese competitor has begun producing similar lithography machines, driving ASML shares down 10% in just two sessions and bringing its 30-day drawdown closer to bear-market territory.
