It's very important in the tech market but as a company it's not a giant.
21 billion euros revenue, 5.6 billion net income, 50% gross margin
224 billion euro market cap
Not a giant.
Has a market cap of twice that of netflix but not a giant?
Where do you draw the line?
When the Chinese will be able to duplicate what ASML is doing its share price will go back to "normal", i.e. to 8 to 10 times less what it is today (that was the level until relatively recently).