This was so predictable

They might do some great machines, but how many machines can the really produce? The more complex a tool the fewer you can make. Hence, no scalability, it's a niche business. Asml growth will be always limited due to their complexity. If producing unique machines and tools was the way to create a trillion $ business, ABB and Sandvik would be there already. Asml is not a bellwether to nvda or tsm, tsm will blow the quarter, nvda will blow the quarter and the next best chipmaker is Qualcomm followed by amd, the rest of these companies are not scalable.