ASML investors bet on 'picks and shovels' of AI revolution (opens in new tab)

Shares in the Netherlands-based company have risen more than 40% so far this year, lifted ‌by the rapid construction of data centres and booming demand for cutting-edge chips from customers such as Nvidia, which rely on ASML's tools. ASML supplies lithography machines to chipmakers ​including Taiwan's TSMC, which manufactures processors for Nvidia and Apple. Analysts expect ‌a strong quarter and see scope for ASML ⁠to raise its 2026 sales outlook, as memory-chip makers expand capacity to meet...