# Why ASML and Applied Materials Surged While Nvidia Stalled

Page: https://stenobird.com/podcast/the-ai-podcast-with-fexingo-artificial-intelligence-machine-learning-and-modern-ai-models-7872011/why-asml-and-applied-materials-surged-while-nvidia-stalled
Text version: https://stenobird.com/podcast/the-ai-podcast-with-fexingo-artificial-intelligence-machine-learning-and-modern-ai-models-7872011/why-asml-and-applied-materials-surged-while-nvidia-stalled.md
Podcast: [The AI Podcast with Fexingo: Artificial Intelligence, Machine Learning, and Modern AI Models](https://stenobird.com/podcast/the-ai-podcast-with-fexingo-artificial-intelligence-machine-learning-and-modern-ai-models-7872011)
Published: 2026-06-12T10:26:45+00:00
Episode link: https://audio.fexingo.com/business/the-ai-podcast/episode-0046.mp3
Audio file: https://audio.fexingo.com/business/the-ai-podcast/episode-0046.mp3
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Duration seconds: 503

## Resource

While Nvidia has barely moved in the past five trading days, semiconductor equipment makers ASML and Applied Materials have surged 15% and 22% respectively. Lucas and Luna drill into what this divergence says about the AI investment cycle: the market is looking past GPU scarcity and betting on the next wave of chip manufacturing capacity. They discuss ASML's extreme ultraviolet lithography monopoly, Applied Materials' materials engineering moat, and why the equipment segment might have more room to run than the chip designers themselves. Packed with specific numbers and a forward-looking thesis you won't hear on the evening news. #ASML #AppliedMaterials #Nvidia #SemiconductorEquipment #AIHardware #ChipManufacturing #EUVLithography #Technology #Investing #CapitalExpenditure #SupplyChain #FexingoBusiness #BusinessPodcast #TechPodcast #MarketAnalysis #Semiconductors #EquipmentMakers #AIInfrastructure Keep every episode free: buymeacoffee.com/fexingo

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## Transcript

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