Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

ASML CEO says AI boom benefits the company

admin by admin
November 14, 2024
in Stock
0
ASML CEO says AI boom benefits the company
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

AMSTERDAM (Reuters) – ASML (AS:ASML) CEO Christoph Fouquet said on Thursday the ongoing boom in AI computer chips would help ASML by increasing the relative share of advanced logic and memory chips being made, leading to more sales of the company’s best tools.

At the company’s investor day in Veldhoven, Netherlands, Fouquet said the company expected the chip market to grow 9% annually through 2025, passing the $1 trillion mark around 2030.

“When it comes to 2030, we are still very, very bullish,” he said.

AI and related memory chips will grow to make up around 40% of the total, he said. Earlier on Thursday, the company said it expected its own sales to increase by about 8-14% annually through 2030.

This post appeared first on investing.com

Previous Post

ECB divided on risk of excessively weak inflation, accounts show

Next Post

K+S cuts 2024 outlook, faces headwinds

admin

admin

Next Post
K+S cuts 2024 outlook, faces headwinds

K+S cuts 2024 outlook, faces headwinds

Trending News

Google complains to EU over Microsoft cloud practices

Google complains to EU over Microsoft cloud practices

September 25, 2024
Foreigners pour $31 billion into EM portfolios in August, with Fed in sight -IIF

Foreigners pour $31 billion into EM portfolios in August, with Fed in sight -IIF

September 16, 2024
Street calls of the week

Street calls of the week

October 6, 2024
Subscribe to Insightful Word


    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025
    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    June 26, 2025
    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    June 26, 2025

    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025

    Latest News

    • S&P 500 nears record high despite headwinds: key drivers behind the surprise rally
    • Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high
    • S&P 500 nears record high as Wall Street opens higher amid tech momentum

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.