Milford's Curtayne tips ASML at Sohn

Milford portfolio manager Andrew Curtayne tips ASML at Sohn Hearts & Minds. 
Milford's Andrew Curtayne at the Sohn Hearts & Minds Conference in Queenstown

David Rogers

Milford's Curtayne tips ASML at Sohn

November 6, 2026
Milford portfolio manager Andrew Curtayne tips ASML at Sohn Hearts & Minds. 
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With a global shortage of AI chips, AI demand rising exponentially and AI data centres taking years to come on line, profit margins are soaring. 

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He says the big selloff in recent weeks makes the AI supply chain a “perfect hunting ground” for stock pickers. 

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ASML has a 100 per cent monopoly on UV lithography essential to making leading edge chips. With 40 per cent compounded growth rate potential to the end of 2028 the stock ins trading on a forward PE multiple of cut 22 times after the selloff on Thursday and is now trading at the very bottom of its valuation range over the last decade.

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This article was originally posted by The Australian here. Licensed by Copyright Agency. You must not copy this work without permission.

‍

‍

With a global shortage of AI chips, AI demand rising exponentially and AI data centres taking years to come on line, profit margins are soaring. 

‍

He says the big selloff in recent weeks makes the AI supply chain a “perfect hunting ground” for stock pickers. 

‍

ASML has a 100 per cent monopoly on UV lithography essential to making leading edge chips. With 40 per cent compounded growth rate potential to the end of 2028 the stock ins trading on a forward PE multiple of cut 22 times after the selloff on Thursday and is now trading at the very bottom of its valuation range over the last decade.

‍

This article was originally posted by The Australian here. Licensed by Copyright Agency. You must not copy this work without permission.

‍

‍

Disclaimer: This material has been prepared by The Australian, published on November 6, 2026. HM1 is not responsible for the content of linked websites or content prepared by third party. The inclusion of these links and third-party content does not in any way imply any form of endorsement by HM1 of the products or services provided by persons or organisations who are responsible for the linked websites and third-party content. This information is for general information only and does not consider the objectives, financial situation or needs of any person. Before making an investment decision, you should read the relevant disclosure document (if appropriate) and seek professional advice to determine whether the investment and information is suitable for you.

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