ASML Orders for Cutting-Edge Machines Boom as AI Fuels Demand

ASML Holding NV said demand for its most sophisticated chip-making machines is soaring thanks to the artificial intelligence boom, signaling optimism just months after the semiconductor equipment maker warned the trade war could stymie growth.

The Dutch firm posted €5.4 billion ($6.3 billion) in bookings in the third quarter, it said in a statement Wednesday. That compares to €4.9 billion expected by analysts, according to data compiled by Bloomberg.

Shares rose as much as 4.8% on Wednesday. ASML has rallied 30% this year, making it Europe’s biggest company by market capitalization.

ASML, which is the only company that makes extreme ...