Tag: ASML

The Strange Business of Selling Machines That Make Machines That Make AI

The world’s most advanced artificial intelligence systems depend on an industrial process that would look almost absurd to someone unfamiliar with semiconductor manufacturing. To produce the chips that train and run AI models, companies must operate enormous machines that fire lasers at microscopic droplets of molten tin, manipulate light using some of the most precisely […]

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The AI Gold Rush Just Hit Its Empire Strikes Back Moment

AI stocks have spent the past three years behaving like an unstoppable force. Every earnings season seemed to validate the same narrative: bigger AI models required bigger data centers, bigger GPU orders, and even bigger market capitalizations. Nvidia became the poster child of the AI revolution, while companies across the semiconductor industry enjoyed one of […]

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IBM Just Lost Wall Street’s Confidence in a Single Day

Strong companies rarely lose a quarter of their market value overnight. Yet that’s exactly what happened to IBM. The technology giant shocked Wall Street after releasing preliminary second-quarter results that appeared respectable at first glance. Revenue still grew. Earnings still increased. Cash generation remained solid. But within hours, investors erased tens of billions of dollars […]

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