ASML Holding, a semiconductor equipment maker, has seen its stock soar over 1,100% in the past decade, with an average annual gain of 28%. The company has a near-monopoly on the lithography machines needed for AI, cloud computing, and other technologies, giving it a competitive advantage. ASML boasts impressive financials, including gross profit margins above 50% and net margins over 25%. The company is also a dividend payer, with a growing payout. Long-term investors may want to consider investing in ASML, as its stock is fairly valued with a forward-looking P/E ratio of 35.

Read more at Nasdaq: Prediction: ASML Stock Will Soar Over the Next 5 Years. Here’s 1 Reason Why.