ASML Benefits from European AI Optimism Post-Nvidia Earnings

2 months ago

Caroline Heepka

"ASML, but also a lot of other AI related stocks this morning doing really well in Europe and that's obviously, as you said, read across from Nvidia's earnings. So, the company provided a very upbeat forecast. The CEO pushed back against the narrative of the of an AI bubble that's been kind of growing in the market recently. So, that's boosted all the companies in Europe that are part of this broader AI ecosystem. So ASML as mentioned and and BE semi for example which manufacture semiconductor equipment but then also companies like Lon Schneider in France that make uh all of the kind of critical equipment for data centers like uh cooling infrastructure for example in electrical equipment. So there seems to be quite an optimistic feeling in the market today around AI and that's easing some of those concerns that we have seen in recent days in recent weeks around really stretch valuations and the potential of a bubble forming and so ASML is basking in that glow for sure today."

The commentary highlights ASML's positive momentum, driven by robust Nvidia earnings and the broader AI bout in Europe. The company's upbeat forecast and the CEO's dismissal of an AI bubble narrative are seen as key drivers in bolstering market sentiment, particularly for semiconductor players in the AI ecosystem.

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