AI Driver ASML: Growth Boost from Groundbreaking Technologies

The ongoing digitalization and the explosive increase in data generation have significantly influenced the growth drivers of Artificial Intelligence (AI) in recent years. From social media and e-commerce to IoT platforms, the vast amount of data serves as fuel for AI systems, particularly driving the development of machine learning models. The well-known venture capitalist Clive Humby aptly described data as the new oil. In addition to the abundance of data, the continuous advancement in computing power plays a crucial role in the AI revolution. Moore's Law, which predicts the doubling of transistors on a microchip approximately every two years, has substantially contributed to enhancing computing power for AI applications. Companies such as Taiwan Semiconductor Manufacturing and NVIDIA have rapidly accelerated AI development with advanced processor technology and powerful hardware solutions. Ray Dalio, founder of Bridgewater Associates, emphasizes that these hardware improvements represent a turning point for the AI industry. Moreover, massive investments in AI research and start-ups are expected to reach $15.7 trillion globally by 2030, according to a PwC report. These capital flows foster innovation and commercialization of AI technologies across various sectors, from healthcare to financial services. Prominent hedge fund managers like Ken Griffin of the Citadel Investment Group regard AI as the most transformative technology of our time, speaking of a structural shift in the economy. Against this backdrop, we have identified AI stocks that, according to financial news, exhibit explosive growth potential. This includes ASML Holding. The company manufactures advanced semiconductor equipment systems and plays a crucial role in the production of microchips used in smartphones, computers, tablets, and many other devices. With a revolutionary EUV scanner technology, ASML has recently set new benchmarks, enabling customers to develop highly precise logic and memory chips. Peter Wennink, CEO of ASML Holding, emphasized in the latest earnings announcement that the company is experiencing healthy growth this year, primarily driven by AI demand. He sees future growth drivers in the end markets of the energy transition, electrification, and continued AI. Despite ASML's impressive market position, we believe there are other AI stocks that offer even greater potential for higher returns within shorter periods. For more detailed information on such stocks, we recommend our report on the most affordable AI stock.