ASML rebounds from DeepSeek hit, expects AI advance to boost demand for chips

Shares in ASML have bounced back from the hit inflicted by DeepSeek’s AI advances. Celebrating the results, ASML predicted that the sudden emergence of low-cost models will boost demand for the firm’s semiconductor machines. The company’s stock price rose by over 10% on Wednesday after the Dutch business reported impressive orders for its chip-making equipment. The tools produce the most advanced semiconductors in the world — and ASML is the only company that manufactures them. This dominant position has made ASML the second most valuable tech firm in Europe. But the business was shaken on Monday by DeepSeek’s rapid AI…

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