《From ASML to Nvidia: Navigating the AI Chip Boom》
ASML 是一项优先投资标的，因其受益于摩尔定律的延续。
所以，我们谈的不是超大型公司；我们认为它们会表现良好。但与硬件无关或没有网络效应的企业软件，我认为长期来看面临风险，除非它像“Surface Now”那样——那是我们的软件枢纽之一，他们拥有可以管理和保护其他代理的软件，我预计这类软件会有很高的需求。
否则，出于许多原因，我们更偏好半导体设备，我相信摩尔定律的延续，会让 ASML 和 LAM 这样的公司成为主要受益者。
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.