Big Tech

ASML Surges Most Since 2020 as AI Investments Fuel Orders

WATCH: ASML’s orders in the fourth quarter beat estimates. Charlotte Hughes-Morgan reports.Source: Bloomberg

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By Cagan Koc

January 29, 2025 at 6:04 AM UTC

Updated on

January 29, 2025 at 11:36 AM UTC

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ASML Holding NV surged the most since 2020 after booking orders worth twice as much as analysts expected, as the artificial intelligence boom fuels demand for its chipmaking machines.

The Dutch company reported bookings of €7.09 billion ($7.4 billion) in the fourth quarter, it said in a statement on Wednesday. That compares with an average estimate of €3.53 billion by analysts surveyed by Bloomberg.