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ASML CEO Sees AI Spending ‘Arms Race’

ASML CEO Christophe Fouquet says artificial intelligence investing now resembles an “arms race,” but that he sees no bubble in the industry. The Dutch company is Europe’s most valuable company, and one of the most important cogs in the global AI supply chain. ASML has a near-monopoly on extreme ultraviolet lithography machines, which are vital…

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ASML CEO Christophe Fouquet says artificial intelligence investing now resembles an “arms race,” but that he sees no bubble in the industry. The Dutch company is Europe’s most valuable company, and one of the most important cogs in the global AI supply chain. ASML has a near-monopoly on extreme ultraviolet lithography machines, which are vital for manufacturing advanced chips. Bloomberg’s Tom Mackenzie spoke to Christophe Fouquet in an exclusive conversation at the company’s headquarters in Veldhoven, the Netherlands, on November 14.

Watch the full episode:

00:00 Lithography and chipmaking
00:50 The future of lithography
02:33 Mistral AI investment
04:00 Is there an AI bubble?
06:00 AI boom: Does spending make sense?
06:45 The AI arms race
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7 Comments

7 Comments

  1. @GMorning10

    December 13, 2025 at 3:54 am

    Brown shoes match well with colorful socks and tight pants😂

  2. @Oldaker

    December 13, 2025 at 4:52 am

    Crazy cool company

  3. @alexanderrose1556

    December 13, 2025 at 9:30 am

    Speaking of the “guy selling the shovels during a gold rush” this is that guy and this is that shovel company.

  4. @jf6882

    December 13, 2025 at 3:33 pm

    I’m buy more ASML stock every month. This Monopoly won’t be broken.

  5. @Tylern7

    December 14, 2025 at 10:05 am

    All this AI spending yet Siri is still retarded.

  6. @Weathering123

    December 14, 2025 at 10:36 am

    ASML will be done after the Hi NA EUV. Like it or not China is pursuing a strategy of DUV + Deposition/Etching (Multi-patterning) to bypass EUV, and there is indeed major research into new materials to replace silicon. It over

  7. @robertjanhoning3922

    December 14, 2025 at 1:37 pm

    Great, I believe in ASML as a major innovator for the future, non-complacency is the most important test to stay invested with them.But,…what is it about those socks of these guys?

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Bloomberg Technology

Odd Lots: The AI Trade Shrugs Off a Blue Wave and a Tech Scandal

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It’s been a big month so far for American politics and the tech industry. Democrats deliver a sweeping win across the country, calling continued AI development into question. Nvidia launches an investigation into CEO Jensen Huang’s affair with an alleged Chinese spy. There are plenty of things to make investors jittery, yet we’re seeing a tech rally as markets await the upcoming Anthropic IPO.

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Bloomberg’s Riley Griffin takes a look at Anthropic’s potentially record-breaking IPO, with sources saying it’s already multiple times oversubscribed. Plus, CoreWeave reassures Wall Street with third-quarter sales topping analyst estimates and easing fears about the debt tied to its rapid AI buildout; and Congressman Raja Krishnamoorthi discusses how the Nvidia scandal is felt across Washington and beyond.
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Anthropic is seeking a valuation of about $1.4 trillion in its initial public offering, a bid to make history as the first frontier artificial intelligence lab to go public. The company’s IPO is set to price on Wednesday, Nov. 18 and trade the following day. Bailey Lipschultz has more.
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