Overview
- Market projections peg AI infrastructure spending at about $490 billion next year and as high as $2.9 trillion through 2029, highlighting potential demand for advanced chipmaking tools.
- ASML remains the only maker of extreme ultraviolet lithography systems used to print the smallest, most advanced circuits required for cutting-edge AI chips.
- Investor pieces emphasize ASML’s durable economics, citing gross margins above 50%, net margins above 25% and roughly 30% as of late June, plus a growing dividend.
- More than 90% of ASML’s lithography systems sold over the past three decades are still in use, supporting long-term service revenue and customer lock-in.
- Opinion-driven coverage reiterates a positive outlook for ASML shares, noting a forward P/E near 35 versus a five-year average of 34, while also flagging Taiwan Semiconductor’s roughly 70% foundry share as a demand conduit for EUV tools.