Following a dip in stock prices due to competition from DeepSeek's AI developments, ASML's shares surged over 10% after announcing robust orders for its semiconductor machines. As the sole manufacturer of the most advanced chip-making technology, ASML remains critically positioned in the tech market. Their total annual sales reached €28.3 billion for 2024, with significant growth in bookings. CEO Christophe Fouquet expressed optimism that low-cost AI will create more applications, driving demand for semiconductors and reinforcing ASML's market strength.
A lower cost of AI could mean more applications.
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