The following are notes from the Sohn Idea Contest Winner's presentation from the 29th Annual 2024 New York Sohn Investment Conference, which took place on April 3rd, 2024.
The winner of the contest is Vijay Shilpiekandula.
Idea ASML
TSM INtel and Samsung all in an arms race and ASML is the dealer.
ASML makes EUV and DUV Litho machines they are a monopoly in this space.
Management is aligned with shareholder focused on short term and long term.
Semi Cycle bottom was ‘23. ASML called it in 2023 Annual Report “lowest point of dip"
Catalyst in the stock will be Investor Day in ‘24
Attractive core position...
