My Top Semiconductor Stock to Buy for 2023, and It Is Not TSMC

Famed investor Warren Buffett brought Taiwan Semiconductor Manufacturing $Taiwan Semiconductor(TSM.US)$ into the spotlight this month after the Oracle of Omaha's Berkshire Hathaway holding company revealed it bought a $4.1 billion stake in the foundry giant. But another semiconductor bellwether is the stock that's been crushing the market impressively over the past month: ASML Holding $ASML Holding(ASML.US)$ .

Shares of the Dutch company -- which supplies chip fabrication equipment such as extreme ultraviolet lithography (EUV) systems to foundries like TSMC -- shot up 22% in the past month. It won't be surprising to see the stock maintain this terrific momentum in 2023 and beyond because management's long-term growth projections, presented at the company's latest investor day, point toward healthy demand for ASML's offerings.