ASML reported impressive total annual sales of €28.3 billion for 2024, surpassing its forecast of €28 billion.

Following these strong results, ASML's stock rose up to 5% in premarket trading, reflecting investor confidence.

On January 29, 2025, ASML's shares rebounded by over 10%, recovering from earlier pressure due to advancements from the AI sector.

Prior to this rebound, ASML's stock had fallen by as much as 12% due to concerns over a cost-effective AI model from Chinese firm DeepSeek.

However, CEO Christophe Fouquet dismissed these concerns, suggesting that the rise of AI applications could actually boost chip demand.

Fouquet expressed optimism about future demand for ASML's machines, attributing potential growth to the emergence of low-cost AI models.

He emphasized that growth in artificial intelligence is a key driver for the semiconductor industry, presenting both opportunities and risks.

ASML's net bookings surged to €7.1 billion in the fourth quarter of 2024, marking a remarkable 169% increase from the previous quarter.

The company also reported earnings per share of €6.85, exceeding expectations of €6.68, alongside quarterly revenue of €9.2 billion.

Notably, ASML's revenue from China saw significant growth, reaching approximately €9 billion in 2024, up from €6.4 billion in 2023.

As the sole manufacturer of advanced semiconductor machines, ASML solidifies its position as the second most valuable tech firm in Europe.

The company's machines, which are essential for producing advanced AI chips, utilize EUV lithography technology and are priced at nearly $400 million.