DeepSeek AI Competition Is Good for Market, ASML CEO Says -- Market Talk

Dow Jones2025-01-29

1109 GMT - Competition from Chinese artificial-intelligence company DeepSeek is positive for the industry, ASML Holding CEO Christophe Fouquet says in an earnings call. DeepSeek developed AI models that it said nearly matched U.S. rivals despite using inferior chips. Fouquet says any technology that can bring down AI costs is good news since it could create opportunities for the semiconductor industry. Lowering AI costs could usher in more volume in terms of chip sales and, ultimately, better demand for ASML's semiconductor-making machinery. ASML shares trade 8.9% higher at 703.90 euros. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

January 29, 2025 06:10 ET (11:10 GMT)

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