ASML, the Dutch chip-making giant, has announced record orders driven by a surge in demand for AI-related technology, logging bookings that exceeded analyst estimates. Despite these impressive figures, including €32.7 billion in total net sales and €9.6 billion in net income, the company plans to cut around 1,700 jobs primarily in the Netherlands and the US to streamline operations. The stock surged following the earnings report, raising optimism for sustained growth in the AI sector. However, some analysts express concerns regarding potential capacity issues as ASML strives to meet ongoing demand in an ever-expanding AI infrastructure landscape.