Billionaire Philippe Laffont is betting big on ASML shares as UBS declares them the ‘best chip stock’ in Europe
The rise of artificial intelligence (AI) has focused investor attention on chip designers like Nvidia Corporation (NVDA). But billionaire hedge fund manager Philippe Laffont is making a huge bet on a different part of the semiconductor ecosystem: the company that supplies the critical machines needed to make the world’s most advanced chips. In the first…