The AI infrastructure boom shows no signs of slowing down soon.

The rapid growth in demand for AI technology can be observed not only in software but also in the hardware supply chain, with Nvidia as the main example. AI companies are massively investing in GPUs, which has led to historic valuations for Nvidia. However, to understand the market direction, it is essential to look at ASML, the only supplier of extreme ultraviolet (EUV) lithography systems, crucial for manufacturing the most advanced chips. Recent financial results from ASML confirm market optimism, with the company reporting net sales of 32.7 billion euros and a record 13 billion euros in new orders, more than double compared to the previous quarter. ASML's CEO, Christophe Fouquet, emphasized that this growth is directly linked to the demand generated by AI, with clients having optimistic expectations about the future. Although there are risks of delays or cancellations of orders, current data suggests that investments in AI infrastructure continue to grow, indicating that the foundation of the AI boom is still being built at maximum speed.