ASML (NASDAQ:ASML) reported third-quarter earnings Wednesday morning, and the news should reassure investors worried that the AI boom might be slowing down. Revenue jumped 55% to 11. 66 billion euros, which was slightly below estimates at 11. 72 billion euros. The stock also fell 4% on Wednesday, in line with a broader sell-off in the tech sector on a hotter-than-expected Consumer Price Index (CPI) reading. On the bottom line, its earnings per share surged from 5. 48 euros to 12. 93 euros, well ahead of the consensus of 10. 76 euros, a bullish sign. Gross margin in the quarter expanded by 51. 6% to 57. 5%, and with operating expenses nearly flat, the operating margin expanded from 32. 8% to 44. 4%.
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