ASML Shares Surge Back After AI Market Jitters!
Hamid Siddiqui
News
ASML's shares rebounded over 10% after strong orders for its semiconductor machines, despite facing initial setbacks from DeepSeek's AI innovations. The company reported total annual sales of €28.3 billion and fourth-quarter bookings surged to €7.1 billion. CEO Christophe Fouquet predicts increased demand for ASML's products due to the rise of low-cost AI models, creating more opportunities in chip production.