Editorial companion

What stands out

Schwab Network highlights ASML’s quarter and CEO comments that the company cannot keep up with demand as a direct endorsement of AI-driven chip investment, and the guests frame ASML as a classic “picks and shovels” beneficiary of the AI buildout. They also pin the next big test on the Mag 7 hyperscalers, Microsoft, Alphabet, Meta Platforms, Amazon, whose upcoming results will either confirm or challenge the chip-driven momentum. The clip stands out because it ties equipment-level supply strain to a potential second wave of demand visibility from big cloud providers.