Dan Kent

Of AI.

But I'm curious to you guys, if I asked a hundred people, my office is here downtown Toronto.

If I asked a hundred people, if they know what ASML is, like how many do you guys would say like what they do and what they make?

Like what percent do you think?

Would know?

or open ai like i know they're diff they're not the same kind of businesses but they're not i think they're not every uber driver picking me up no well like would like to talk to me about nvidia stock but they might not know what so i guess that's kind of like where my my head was going is like where can we try to get other folks like engaged with some of the other winners here

And ASML, a lot of people who listen to the podcast, is the only company in the world that today makes extreme ultraviolet lithography.

There have been many apparent challengers coming out of China.

Who's to say if they're able to pull it off, what they do is actually bend physics itself to make it happen.

They sell to TSMC, Samsung, Intel.

sk inix micron for example so all of these uh fabs to give them extreme ultraviolet lithography so you can potentially go to two nanometers uh with these latest prints so they cost about 380 called 400 million dollars each they have

over 100,000 suppliers in each one of them.

This is a massive company.

The market cap's over 600 billion now today.

It's just been on such a tear too.

And I'm assuming all three of us have rode the wave of the last couple of years in terms of the stock.

Yeah, the installed base maintenance service revenue is high margin, recurring in nature, required from customers.

They have 100% market share at the leading edge, Blackwell, TPU, Tranium, all custom accelerators pass through some sort of ASML tool via lithography.

And all of their customers are increasing demand for more machines when it comes to fabs.

Yeah.