Echoing Nvidia's line.
And leading to more references to Jevons' Paradox over the last 72 hours than in the preceding five years.
From Bloomberg, January 29:
ASML Holding NV’s leader brushed off concerns about the artificial intelligence-driven demand for its chipmaking machines after Chinese startup DeepSeek’s low-cost chatbot roiled markets earlier in the week.
“Anyone that lowers cost is good news for ASML,” Chief Executive Officer Christophe Fouquet said at a press conference on Wednesday. “Lower cost means AI can be used in more applications, more applications mean more chips.”
The comments came as the Dutch lithography machine maker announced strong fourth-quarter results fueled by the artificial intelligence boom. It booked more than twice as many orders as analysts expected in the period.
As AI becomes more commonplace, AI chips will be used everywhere, according to Fouquet. “We are still very bullish,” he said. “This is such an opportunity that we can expect more and more players.”....
...MUCH MORE
Time was when even mentioning Jevons was anachronistic/borderline fuddy-duddy, e.g.
Hey, it's our old pal Jevons.
