Core Viewpoint - Nvidia is experiencing strong growth and high demand for its advanced Blackwell chips [1] Company Summary - Nvidia's CEO Jensen Huang highlighted the robust growth of the company's business [1] - The demand for Blackwell chips is described as "very strong" [1]

Semiconductor Demand & Market Trends - AI boom is broadening, extending to more customers including advanced DRAM players, benefiting semicap equipment names like KLA and Lamb [2] - ASML expects sales in China to decline significantly next year after two very strong years, described as normalization rather than collapse due to reduced stockpiling ahead of export restrictions [3] - Wedbush indicates EUV tool demand is running better than expected, driven by incremental AI data center buildouts [5] ASML's Performance & Outlook - ASML reported an earnings beat and a slight revenue miss [1] - Orders roughly doubled year-over-year to 544 billion euros [3] - ASML's 2026 outlook is viewed by analysts as a floor, not a ceiling, with 2027 looking stronger [4] Implications for TSMC & Semiconductor Buildout - ASML's stronger than feared outlook could signal TSMC lifts capex plans next year to support AI demand [5] - If TSMC confirms accelerated spending, it validates the entire semiconductor buildout cycle beyond 2025 and 2026 [6]

Core Viewpoint - ASM International's shares declined following a revision of its full-year forecast due to weaker-than-expected demand in the final months of the year [1] Company Summary - ASM International, a Dutch supplier of semiconductor-manufacturing equipment, has adjusted its financial outlook for the year [1] - The company cited a decrease in demand as the primary reason for the forecast revision [1] Industry Summary - The semiconductor manufacturing sector is experiencing fluctuations in demand, impacting suppliers like ASM International [1] - The revision in ASM International's forecast may indicate broader trends within the semiconductor industry, reflecting potential challenges ahead [1]