The Ultimate Growth Stock to Buy With $1,000 Right Now

What makes a growth stock stand out from the pack? How about a monopoly on a critical technology that will fuel a $700 billion industry for years to come?That's ASML (NASDAQ: ASML) in a nutshell. The semiconductor equipment manufacturer has a lock on the lithography market, with a dominant market share and no viable competition for its extreme ultraviolet, or EUV, lithography technology.ASML's High NA EUV systems, which push EUV technology further, are being adopted by Intel for its future process nodes. Foundry market leader TSMC has been slower to jump on board, sticking with standard EUV systems for now, but the company will eventually make the switch when it runs into the limits of the older technology. ASML's top-of-the-line High NA EUV systems are pricey, costing around $400 million per unit.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool