"ASML: Europe's AI Champion Hits Record High with Surging China Sales and $350 Billion Market Cap"
ASML Holding NV, Europe's most valuable tech company, is experiencing a record high as its cutting-edge machines, crucial for semiconductor manufacturing and AI infrastructure, are in high demand. The resurgence in memory chipmakers' spending commitments and the need for high-performance memory chips, driven by AI, have contributed to ASML's success. Despite concerns about Chinese chipmakers and a potentially limited growth in 2024, ASML's outlook for 2025 remains optimistic, with the company expecting "very significant" growth.