ASML CEO sees low-cost AI models like DeepSeek driving more demand — not less
Posted: Jan 29, 2025
- ASML CEO Christophe Fouquet sees new low-cost AI models like DeepSeek driving more demand for AI chips
- ASML beat sales and profit estimates for Q4, reported an order backlog of 36 billion euros
- DeepSeek's R1 model caused a slump in technology stocks, including $NVDA
- ASML doesn't foresee a slowdown in demand for AI chips despite DeepSeek's model
- More applications for AI chips lead to increased demand over time, especially from cloud computing giants like Microsoft and Google
- Lower cost AI models could benefit European chip stocks, according to JPMorgan
- DeepSeek's model raised concerns about the impact on chip demand and spending on Nvidia GPUs
- ASML's high-precision EUV machines could see decreased demand if spending on Nvidia GPUs decreases
- ASML believes lowering cost and energy consumption for AI is crucial for widespread adoption
- DeepSeek's model may allow AI applications to be used in more devices
- The reveal of DeepSeek's model triggered questions about spending on Nvidia GPUs by major AI players
- EUV tools accounted for 3 billion euros of ASML's reported 7.1 billion euro net bookings in Q4
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