Michele Cesari @Mexploder: "𝗔𝗦𝗠𝗟 — 𝘄𝗵𝗲𝗻 𝗺𝗼𝗻𝗼𝗽𝗼𝗹𝘆 𝗺𝗲𝗲𝘁𝘀..."

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𝗔𝗦𝗠𝗟 — 𝘄𝗵𝗲𝗻 𝗺𝗼𝗻𝗼𝗽𝗼𝗹𝘆 𝗺𝗲𝗲𝘁𝘀 𝘁𝗵𝗲 𝘀𝘂𝗽𝗲𝗿𝗰𝘆𝗰𝗹𝗲 Q2 earnings just dropped, and the numbers speak for themselves: 📊 Revenue €9.3B (+21% YoY), above expectations 📊 EPS €7.59 vs €6.99 expected 📊 Gross margin at 54% But the number that really matters is another one: 2026 guidance raised from €36-40B to €43-45B. Not a tweak — a leap. And for Q3 they expect €11-12B, more than a billion above consensus. Why does this confirm the AI infrastructure thesis? Simple: you can debate endlessly about which AI model will win, which hyperscaler will dominate, which chip designer will come out on top. But all of them, $NVDA (NVIDIA Corporation) $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) $SMSN.L (Samsung Electronics Co Ltd - GDR) $INTC (Intel), rely on a single supplier for EUV lithography. ASML isn't joining the gold rush: it sells the picks and shovels, and it's the only one that knows how to build them. Datacenter capex keeps growing, customers are accelerating capacity expansion, and the upcoming High-NA machines raise the barrier to entry even further (already practically insurmountable today). The risks are the usual ones: premium valuation, China exposure, sector cyclicality if AI capex were to cool down. No stock is bulletproof. But as long as demand for compute grows faster than supply, the bottleneck is called $ASML.NV (ASML Holding NV) This post is for informational and educational purposes only and reflects solely my personal opinion. It does not constitute financial advice or an investment recommendation.

Not investment advice. The author may have financial interests in the mentioned instruments.