The financial results of ASML, a semiconductor equipment manufacturer, came in below expectations, raising concerns about demand for electronic chips. Despite this disappointing performance, ASML expects a rebound in the second half of the year and is keeping its full-year forecasts unchanged. This contrasts with the positive outlook for Samsung and TSMC, and raises questions about long-term growth for the semiconductor sector.
Artificial intelligence (AI) is identified as a potential revenue driver for ASML, with expectations of a second phase of growth. Optimism around AI remains high, with earnings growth expectations particularly strong for major technology companies such as NVIDIA, Microsoft, Google, Facebook and Amazon. The question remains as to who among the AI players will benefit most from future developments, the providers of AI tools or their users.
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