Goldman Sachs analysts projected that ASML Holdings‘ (NASDAQ:ASML) revenue could more than double its 2030 expectations, driven by the escalating demand for extreme ultraviolet radiation (EUV), a critical component of AI infrastructure.

EUV Lead Makes ASML Key To AI Chips

The analysts said ASML is the sole company capable of producing EUV equipment at scale. This technology is essential for the production of cost-effective advanced memory chips, a vital requirement for the processing and storage of complex AI workloads, reported CNBC.

Advanced AI will require smaller, more powerful chips with more precise circuitry, the analysts said, adding that ASML's exclusive role as the sole maker of leading-edge lithography tools makes it indispensable for manufacturing all types of AI chips, including logic, ...