ASML has a monopoly on critical AI technology, so why does it trade at a multiyear low valuation? Even though it has a monopoly on critical technology and the artificial intelligence revolution in full swing, ASML Holdings (ASML 0.16%) has lagged both the Nasdaq 100 index and the iShares Semiconductor ETF (SOXX -0.77%) year to date, as well as over the past one, three, and five years. Much of the recent selloff has to do with near-term concerns over the 2026 growth outlook. On ASML's recent earnings release ...