ASML vs. Qualcomm: Which AI Semiconductor Stock Is a Better Buy in 2026?

Key Points ASML is the only company that makes extreme ultraviolet (EUV) lithography machines, which chipmakers need to produce leading-edge semiconductors. Qualcomm is expanding beyond smartphones into automotive, IoT, and AI chips, but a few large phone makers still account for a big share of its revenue. Qualcomm trades at far lower multiples of sales and earnings, while ASML's premium reflects its unique position in lithography. These 10 stocks could mint the next wave of millionaires › Choosing between ASML Holding (NASDAQ:ASML) and Qualcomm (NASDAQ:QCOM) in 2026 means weighing a hardware monopoly against a mobile chip leader that's working to diversify.