Ed Elson

on ASML's income statement.

That's why ASML shares rose 7%.

That's why the stock hit a record high.

Now, why are we highlighting this?

Well, because as you might remember, ASML was one of our stock picks last year.

Back in July, we said on this program that ASML was a buy.

And the reason we were so bullish was because one, the company was just perfectly positioned for the AI boom.

And two, it was receiving a multiple it didn't deserve, largely because of its own concerns about geopolitical conditions and tariffs.

Concerns that, by the way, were not reflected

across the rest of the market.

It was a slightly complicated thesis.

I won't go into the full details, but if you want them, go check out our episode from July 17th.

The central idea, however, was the following.

ASML had this habit of under promising and over delivering.

And it seemed to us that investors hadn't quite figured that out.

Now here comes the brag.

We recommended this stock at $750 per share.

As of today, it is trading at $1,359 per share.

In other words, the stock has risen more than 80%.

That means that ASML has generated five times more returns than the S&P over the past six months.