ASML reports its 4th quarter performance for the year 2024 with sales reaching 9.263 billion euros, marking a 23% increase from the previous quarter. The net profit also saw a rise to 2.693 billion euros, attributed to the sale of 132 Lithography machines, including 14 EUV machines.
The company’s net bookings in the past quarter surged by 169% compared to the previous quarter, totaling 7.088 billion euros. This increase showcases the continued demand for machinery in semiconductor production.
Christophe Fouquet, CEO of ASML, addressed the hot topic in the AI industry – DeepSeek, emphasizing the lack of slowdown in the demand for AI chips from customers. As the development costs decrease, it is expected that more AI applications will emerge, presenting an opportunity for chip manufacturers to meet future demands.
ASML, one of the companies impacted by the DeepSeek news with a 5.8% decline in stock value on Monday, saw a rebound of 11% following the quarterly performance report.
Source: CNBC and ASML
TLDR: ASML reports a strong 4th quarter performance in 2024, with increased sales and profits driven by demand for Lithography machines and ongoing interest in AI chip production. Despite initial stock fluctuations, ASML’s stock value rose following the report.
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