ASML’s Surge to Record High Shows Importance to AI Chipmakers
- Europe’s most valuable tech firm saw record order intake in 4Q
- Need for AI chips pushes up ASML clients’ spending commitment
ASML headquarters and factory in Veldhoven, Netherlands.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
ASML Holding NV’s rally to a record high this week illustrates how the chip equipment firm is cementing its place at the heart of the artificial intelligence boom.
Europe’s most valuable technology company is on pace for its best week in more than a year, set for a 16% gain after earnings that offered one of the strongest signs yet that its cutting-edge machines — seen as a bellwether for the semiconductor industry — are back in high demand.