Global AI rush helps ASML beat orders estimates, but China outlook dims

By Nathan Vifflin and Toby Sterling (Reuters) -ASML (ASML), the world's biggest supplier of computer chip-making equipment, reiterated on Wednesday it expects to benefit from booming AI investment, even as it warned Chinese demand was expected to significantly drop next year. ASML stock was up 2% in Wednesday trading. CEO Christophe Fouquet said Europe's largest tech firm by market capitalization was seeing "continued positive momentum around investments in AI." That boom was helping customers both in ...