Investing.com -- ASML Holding NV (AS:ASML)'s Chief Executive Officer, Christophe Fouquet, has expressed optimism despite the recent market disturbance caused by DeepSeek, a Chinese startup. Earlier this week, DeepSeek's low-priced chatbot caused a stir in the markets. This development, however, was seen as a positive by Fouquet, who shared his views during a press conference on Wednesday.
In Fouquet's perspective, any reduction in cost is beneficial for ASML. Lower costs would allow artificial intelligence (AI) to be implemented in more applications. More applications, in turn, would necessitate more chips. This chain reaction is seen as a potential boost for ASML's chipmaking machine business.
Fouquet maintained a bullish stance on the situation, viewing it as an opportunity for ASML. He anticipates an increase in market players as a result of these developments. The CEO's comments indicate that ASML sees the rise of low-cost AI solutions like DeepSeek's chatbot as a catalyst for increased demand for its chipmaking machines.
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