To The Moon

While ASML just reported an earnings beat, as demands for artificial intelligence boosts orders for its mission-critical EUV lithography machines required for the wafer fabrication of the smallest geometries, the market appears to be unsatisfied with the earnings, as it sends ASML's stock price plunging in the European market and US pre-market trading.

Other semiconductor stocks like $NVIDIA Corp(NVDA)$  , $Advanced Micro Devices(AMD)$  and $Taiwan Semiconductor Manufacturing(TSM)$   which are bellwethers of the semiconductor industry in general and artificial intelligence demands in specific are falling in sympathy too, dragging the semiconductor industry $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$   down. Even $Palantir Technologies Inc.(PLTR)$   that has been riding on the AI boom is not spared after its spectacular rise; with a high bar set, any miss by even its most remote peers is going to trigger worries over its valuation.

However, I remain optimistic of the growing demands for artificial intelligence products and services to improve productivity and correspondingly the rising demands for semiconductor chips to train and drive the AI engines.

Hence, the short-term price weaknesses may present an opportunity to add the above stocks for long-term growth.

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