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ASML Orders Beat Estimates as AI Booms, DeepSeek Concerns Continue
Posted
January 29, 2025
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2:34Now PlayingASML's orders in the fourth quarter beat estimates, with reported bookings of €7.09 billion ($7.4 billion) as the artificial intelligence boom drove demand for its chipmaking machines. The results came after ASML’s market capitalization fell by more than €19 billion on Monday on concern that Chinese startup DeepSeek’s latest AI model can provide comparable performance to Western chatbots at a fraction of the price. Bloomberg's Charlotte Hughes-Morgan reports.
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