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AMAT, LRCX, KLAC, ASML: AI Chip Tool Demand Surges
ASM International's Q3 beat and raised FY24 guidance spotlight the AI chip production surge, boosting demand for advanced tools from US-listed leaders like AMAT, LRCX, and ASML. These six equipment firms show strong positioning via record backlogs and AI-tied growth, with ASML and AMAT topping conviction rankings. Investors should track foundry capex updates amid potential geopolitical risks.