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This Supercharged Nasdaq Growth Stock Is a Magnificent Buy Right Now

Harsh Chauhan, The Motley Fool
·5 min read
This Supercharged Nasdaq Growth Stock Is a Magnificent Buy Right Now

The Nasdaq Composite index has recovered impressively in the past six months with a gain of 10%, and this rally has rubbed off positively on shares of ASML Holding (NASDAQ: ASML). Shares of the semiconductor bellwether -- whose lithography machines allow chipmakers and foundries to manufacture advanced chips -- have surged 12% in the past six months. ASML's rally is justified given the pace at which it is growing despite a slowdown in the semiconductor equipment market, driven mainly by its huge order backlog.

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