2024 SOHN Conference Stock Pitches

Vijay Shilpiekandula, Dilation Capital

Investment Idea: ASML

Vijay Shilpiekandula of Dilation Capital, who was named the Sohn Idea Contest Winner, presented ASML as his best stock idea. The Dutch semiconductor company is an “R&D powerhouse” and “high-quality business” that looks attractive on a growth-adjusted basis compared to peers, the investor said. A future potential catalyst he’s looking forward to is ASML’s investor day on April 17, where Shilpiekandula expects management commentary about opportunities in high-bandwidth memory and generative AI.

“What I find like good opportunity for investors in the market to think about right now is to be creative about the long-term capacities and the long-term earnings potential of this company based on this gold rush that all these memory makers and large language models are chasing,” Shilpiekandula said.

Shares of ASML are up 29.5% this year. The company beat fourth-quarter revenue and profit expectations, but said its revenue for this year will be similar to that of 2023.