Billionaire Investor Adds To ASML, Exits Rivals KLA and Lam — Plus Nvidia, Broadcom
Key takeaways
- Loeb’s stake hike in ASML reflects upbeat confidence in its EUV tech, even as the company lags the tech sector and has sold off rival holdings.
- ASML stake increased to 30,000 shares
- Q2 EPS $8.82 vs $7.98 consensus
- Q2 revenue $10.84 billion vs $10.28 billion forecast
What happened
Billionaire activist Dan Loeb’s Third Point LLC doubled its stake in ASML Holding NV from 12,000 shares in Q1 2026 to 30,000 shares by June 30, 2026, while selling all holdings in ASML peers NVIDIA, Broadcom, KLA and Lam Research during the same quarter.
Why it matters
The move signals confidence in ASML’s high‑NA EUV technology and its growing partnership with Intel and Samsung, while the divestments suggest a strategic shift away from competitors whose growth prospects are less certain.
Short-term and longer-term
Short-term. Short‑term traders should watch ASML’s price action around the 6% intraday drop and the 6.07% close at $1,595.26.
Longer-term. Over the next few months, ASML’s upgraded revenue and margin guidance, coupled with its strategic collaborations with Intel, Samsung and TSMC, could justify a higher valuation multiple.