ASML sees biggest surge since 2020, AI boost drives record orders

ASML Holding NV surged the most since 2020 after booking orders worth twice as much as analysts expected, as the artificial intelligence boom fuels demand for its chipmaking machines.

The Dutch company reported bookings of €7.09 billion ($7.4 billion) in the fourth quarter, it said in a statement on Wednesday. That compares with an average estimate of €3.53 billion by analysts surveyed by Bloomberg.