ASML vs AMAT: ASML Holding and Applied Materials as AI Stocks
ASML Holding (ASML) and Applied Materials (AMAT) are both tracked in the Supercycle AI universe. ASML is the larger company at $670.10B versus $376.47B, and AMAT carries the higher AI Exposure Score (78 vs 70, Core tier), meaning its business depends more directly on AI demand.
Market data as of the close on . Prices are end of day, not live.
Side by side
| Metric | ASML | AMAT |
|---|---|---|
| Price | $1,744.61 | $474.38 |
| Market cap | $670.10B | $376.47B |
| 24h change | +1.95% | +0.41% |
| 7d change | +9.62% | +14.20% |
| 1y change | +85.45% | +136.80% |
| P/E ratio | 59.8 | 41.0 |
| AI Exposure Score | 70 (Core) | 78 (Core) |
| Sector | Technology | Technology |
| Buildout layers | Chip Equipment & Foundries | Chip Equipment & Foundries |
ASML's role in the buildout
ASML sits in the Chip Equipment & Foundries layer of the buildout as its single most concentrated chokepoint. It holds a monopoly on EUV lithography, and TSMC, Samsung, and Intel cannot produce leading-edge AI chips without its machines. Exposure hinges on AI sustaining advanced-node capacity expansion, though memory and mature-node demand also cycle its orders. That position earns it an AI Exposure Score of 70 out of 100.
AMAT's role in the buildout
Applied Materials sits in the Chip Equipment & Foundries layer of the buildout, supplying the machines that make AI chips possible. Chipmakers need its deposition, etch, and inspection equipment to fabricate leading-edge AI processors and memory, and AI-driven fab capacity is now the dominant demand engine for semiconductor equipment spending. That puts the AI cycle at the center of its thesis and earns it an AI Exposure Score of 78 out of 100.
Both stocks sit in Chip Equipment & Foundries, so they compete for the same slice of AI spending.
Frequently asked questions
Is ASML or AMAT the bigger company?
ASML Holding is bigger: $670.10B versus $376.47B by market cap, as of the latest end-of-day data.
Which has more AI exposure, ASML or AMAT?
Applied Materials does: its AI Exposure Score is 78 (Core tier) versus 70 (Core). The score measures how much of the business depends on AI, not which stock is the better investment.
Related comparisons
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