ASML orders beat expectations as AI arms race boosts demand

ASML Holding NV’s orders beat analyst expectations in the third quarter, as demand for its chip-making machines was fueled by hundreds of billions of dollars in investment into artificial intelligence infrastructure.

The Dutch semiconductor equipment maker reported €5.4 billion ($6.3 billion) in bookings in the period, it said in a statement Wednesday. That compares to €4.9 billion expected by analysts, according to data compiled by Bloomberg.

ASML, which is the only company that makes extreme ultraviolet lithography machines needed to produce…