ASML EUV machines sold out through 2027; High NA adoption expands dominance

ASML's EUV lithography systems, critical for advanced AI chip production, are effectively sold out until 2027, with High NA technology adoption expanding its market lead. This signals sustained demand for leading-edge semiconductor manufacturing equipment, reinforcing ASML's pricing power and competitive moat. The development underscores the ongoing AI-driven capex cycle in semiconductors, though it does not alter the existing supply-demand trajectory.