ASML Holding NV’s orders in the fourth quarter beat estimates as the artificial intelligence boom drove demand for its chipmaking machines, potentially easing concerns sparked by Chinese startup DeepSeek.

Netherlands-based ASML lost its title as Europe’s most valuable tech company on Monday when it was caught up in a stock market panic over DeepSeek that also wiped hundreds of billions of dollars from the value of Nvidia,

ASML (ASML.AS), opens new tab shares rose sharply in early Frankfurt trading on Wednesday following strong quarterly bookings. The biggest supplier of computer chip-making equipment posted much better than expected fourth-quarter bookings of 7.

ASML Holding NV booked more than twice as many orders as analysts expected in the fourth quarter, as the artificial intelligence boom drove demand for its chipmaking machines.

KEY TAKEAWAYS ASML Holding shares are surging 7% in premarket trading Wednesday after the Dutch semiconductor-gear manufacturer reported better-than-expected fourth-quarter results.ASML's fourth-quarter net bookings of 7.