STORY: ASML reported stronger-than-expected first-quarter earnings on Wednesday (April 15).
It hit $3.2 billion on sales of $10.3 billion - up from the same period a year ago.
The world's largest supplier of chipmaking tools also raised its revenue outlook for the year.
It comes as the AI boom lifted demand for the firm's equipment.
ASML is the only provider of the EUV lithography tools needed to print cutting-edge AI chips for firms like Nvidia.
The stronger forecast strengthens that position.
Although the firm pointed to potential bottlenecks as demand for computing capacity in data centers soars.
CEO Christophe Fouquet said demand for chips is outpacing supply.
He added ASML saw a host of new orders in the past quarter due to this trend.
The firm said revenue for the year will now be between $42 billion-$47 billion.
That's up from its last forecast of $40 billion to close to $46 billion.
ASML's shares have risen 40% so far this year with the quick construction of data centers and a shortage of memory chips.
Although some analysts see its valuation as already high.
But it shares were slightly up on Wednesday.
