Chip Equipment Giant ASML Hits Record High on Surging AI Chip Demand
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ASML Holding NV, a Dutch semiconductor equipment company, hit a record high stock price this week on strong earnings showing high demand for its advanced chip-making machines.
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orders for ASML's cutting-edge extreme ultraviolet (EUV) lithography systems, used to make high-performance chips, are surging due to rising demand for AI infrastructure.
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Growth is being driven by memory chip makers and demand for specialized high-bandwidth memory chips needed for AI systems.
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ASML expects "very significant" growth in 2025 as major new chip fabrication plants open requiring its machines.
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While 2024 will see slower growth, the long-term outlook is positive as ASML remains a key enabler of advancing AI capabilities.