“From ASML to Nvidia: Navigating the AI Chip Boom”
ASML is a preferred investment because it benefits from the continuation of Moore's Law.
So, we're not talking about super-large companies; we think they'll do well . But enterprise software that is not tied to hardware or has no network effects, I see as being at risk in the long run, unless it is like "Surface Now," one of our software hubs, where they have software that manages and secures other agents, which I expect will be in high demand.
Otherwise, we prefer semiconductor equipment for many reasons, and I believe that the continuation of Moore's Law, with companies like ASML and LAM, will be the primary beneficiary.