$ASML Tape Reports
Per Ticker.id: $ASML Tape Reports — 27 podcast mentions across 9 podcasts (30 days), latest 2026-08-25 15:32 UTC.
But the emergency is so big, we're like, Anthropic and OpenAI, we could make a trillion dollars right now, but we're just bottlenecked on the mirrors that go into the ASML machines. How can we make more mirrors if we spend $100 billion on this? That's the situation we're going to be in pretty soon. And I'm just like, we're not going to be able to solve that supply constraint. That just seems quite hard to imagine.
Dwarkesh Patel — Dwarkesh Podcast · Dylan Patel – Anthropic & OpenAI will have most of the world’s compute by 2028 · 2026-08-25No, there's definitely— you've seen people do funny arbitrage here where they buy turbines and then they try and resell them because the value of a turbine is way more because it's the thing bottlenecking a data center. You know, I think like if anyone had like $400 million and the ability to convince ASML to sell them an EUV tool, they should totally just go buy one and, and wait, wait, wait, and then sell it for north of $1 billion. Right. But ultimately, like, yes, capitalism will cause these things to expand, but it's a whip, right? It takes a long time for the whip signal to get to the tail end of that. And so the supply chain doesn't react immediately. In fact, you go to talk to someone at Carl Zeiss, they're like, yeah, yeah, yeah, we need to make 100 EUV tools by the end of the decade. I think when we first had our— when we had our episode earlier this year, they didn't even think they needed to make that many enough mirrors to make 100 EUV tools a year. And so now they're like, sort of, they're like, okay, we need to do that. But in reality, you know, because of all the economics of what's going on, it should be even more. But it takes so long to— to—
Dylan Patel — Dwarkesh Podcast · Dylan Patel – Anthropic & OpenAI will have most of the world’s compute by 2028 · 2026-08-25100 ASML tools for 2030. But if you said, Carl Zeiss, here's $10 billion, please fucking just expand production, that would change things. And you would have to do this with every company in the supply chain. I don't think it'll happen this year. I don't think it'll happen next year. I don't think it'll happen the year after because the world is capital constrained.
Dylan Patel — Dwarkesh Podcast · Dylan Patel – Anthropic & OpenAI will have most of the world’s compute by 2028 · 2026-08-25It strikes me that, you know, I think for people who are not deep in the weeds, they don't understand, I think, the margin stack that exists because the hyperscalers charge, I think, about 30%. I think their gross margin is about 30 to 40%. NVIDIA is up there at like 70%. The memory guys are at 80 to 90% now. And all of this stuff like stacks on top of each other, right? And when you look at how they end up stacking, and you know, you have at the very top OpenAI with, or Anthropic with a 70 to 80% margin, and they're buying tokens from Amazon with a 30% margin. Amazon's buying chips from, chips and other things from other people, and those people have like 50 to 60, 70% margins. Everyone then manufactures at TSMC and they have 50% margins and TSMC suppliers, ASML, they have 50% margins. And if you look at the margin stack, right? Like this $50 billion per gigawatt data center, it's really kind of made out of sand, literally, literally in some sense made out of sand. Sand and intellectual property. And when I think of it, it's all of that money is just the incentives required to get the humans, some of the smartest humans in the world to take a look at these problems and fix them, right? Like all of that money, like, because again, the physical elements inside that data center are actually worth not that much. Very little gold in there, very little gold and mostly silicon, some plastic. And if you just knocked down the entire data center and kind of sold it for scrap, it would be literally worth cents on the dollar, like few cents. And it just strikes me how much all of it is just intellectual property. It's really just know-how, intellectual property, It also somehow also strikes me how AI data centers are kind of this like crowning achievement of humanity as a whole in the sense that how many of these parts come from, you know, you have like argon gas from Ukraine and you have like copper from copper mines in Mongolia. And then, and all the way up the stack, you have like chips from China, rare earth metals from China, chips from Taiwan.
Speaker C — "The Cognitive Revolution" | AI Builders, Researchers, and Live Player Analysis · AI in the AM — Weekly Highlights: Relaunch Week (Aug 17–20, 2026) · 2026-08-22All right, looking at the Adventus International Equity ETF, AVDE is the symbol. And you're correct, you want more international exposure. Now, this is more of a large-cap blend/value. It kind of leans value, but it's more of a blend ETF, about 100— see, 3,300 names. So a lot of holdings here. Top holding is ASML, 1.4% of the portfolio. That's the biggest holding. So you can see how well diversified this really is. But 10.5% is in basic materials. I like that. I like that double-digit exposure. Not many ETFs have that. Financial services, we're at 25%. That's a little high for my book, but I still like that sector as a whole. And the banking sector, especially internationally, has done very, very well and expected to do that well going forward. Industrials, about 20% of the portfolio. That's the second highest weighting there. that's much better than the category average. So I like that exposure. Energy, we're at 7.4%. The category average is only 4%. So it's definitely leaning in the type of sectors that, that I like. So yeah, I think of the international ETFs, this is one of the best ones to gain that exposure if you're not a stock picker, just getting that broad-based exposure. Now the expense ratio is about 23 basis points, so nearly a quarter of 1%, which is, I would say, for an international ETF, it's fine. It's not low, it's not high. It's about probably where it should be. So I'm going to give AVDE, Advantis International Equity ETF, a thumbs up. Let's go pivot to another voicemail question now.
Justin Klein — InvestTalk · The Trillion-dollar Interest Bill Nobody Votes On · 2026-08-19I think what investors are, are, I think, dealing with this year is a bit of a tough situation, right? Because it's a, it's really been an interesting year. We had Q1 was a bit of a lull, and then Q2 was a huge rally with the stocks going up 87%. A little over 87%. And then Q3 starts, second half of the year begins, and then we have this downturn, right? It's a lot of profit taking, a lot of fear. We switch from this greed sentiment to a fear sentiment, and then we're seeing the market kind of struggle back and forth with it now. Uh, and I think last time when we spoke, that was around maybe mid-May, that was essentially mid the entire rally that happened in Q2. And what we were discussing is that, you know, in the rally everyone looks like a winner, but not everyone's gonna come out of a correction as a winner. And I think that's really what's becoming more pronounced in Q3. So the names that we saw as high flyers in Q2 are actually some of the underperformers in Q3 and vice versa. So if we take that and, you know, we think about the switch between first half and second half, you really see that kind of dynamic materialize. And alongside it, this theme in which earnings are acting more as a test rather than a catalyst, specifically after that Q2 run. Everything is kind of coming out as not good enough. So I think that's a theme to be really cautious of and sensitive to. I mean, we saw TSMC report great results, we saw ASML report great results and, you know, even raise their outlook. We saw Samsung, you know, report a 19-fold increase in profit and all three still traded down. So I think what we're seeing is a hypersensitive market in which everyone is waiting for the other shoe to drop. And I think we let out some steam since the beginning of Q3, specifically on the semi front. But it seems that the market is still in limbo and also dealing with new red flags, you know, from the circular financing to the Chinese competition. And so they're just dealing with new realities. A lot of these red flags existed in Q2, but I think they're getting a lot more attention in Q3.
Sarah Awad — Investing Experts · What's Up With Tech? · 2026-08-13Yeah, I would say part of that ASIC conversation, I think really favors, you know, part of that ASIC shift really does favor Arm because Arm-based CPUs are actually, you know, I think they're the best fit for the ASIC conversation because they have the lower power consumption, which is increasingly important in the AI infrastructure buildout and I think ARM CPU are already embedded into a lot of the, the tier 1, uh, players via, you know, ARM's, uh, designs. And so I think that we're going to see ARM be the favorite choice on that front. It's not to say that the x86 market where, you know, Intel and AMD have their playground— it's not to say that these guys aren't going to benefit, but I think ARM is going to be the winner from that theme, uh, both the ASIC theme and then this agentic AI theme. Because at the end of the day, ARM was the first to show us what an agentic AI rack would actually look like. Uh, everyone else talked the talk, and there's definitely, you know, benefit to go around, uh, but I would say I think Arm is the favorite choice there, uh, and the others still need to, to prove themselves. Uh, the other stock I think it'd be kind of worth addressing is Intel because it also had this huge pop-out moment in, in Q2. And for Intel, they had this huge, you know, pop-out moment. We had a lot of rumors about them getting external customers for their, for their foundry business. Uh, interestingly enough, rumors that management never confirmed but that Trump did. So we, we don't really get a lot of clarity on those, but I would say for Intel, we're, we're more cautious as well. Um, we— the reason why we're more cautious is because of this last, uh, earnings call. Basically, on the last earnings call, uh, management talked about— not on the last earnings call, excuse me, on ASML's earnings call, actually— ASML announced that Intel is using, um, their High NA tools, their High NA lithography tools, for its 18A node. Uh, and that's— that to us was a big, uh, flag, a big red flag. And the reason why is because it's a big red flag for the foundry business.
Sarah Awad — Investing Experts · What's Up With Tech? · 2026-08-13Well, it's— look, Carl, we have to stay in touch with it, if only just because the national security issues over and over again. I mean, how many times you have to read the Daily They will take Taiwan. They need Taiwan Semi or they're going to get ASML after they can be able to make ASML. So do not include them in the conversation is always to be naive about where we are versus where they are.
Jim Cramer — Squawk on the Street · 9am Hour: CoreWeave CEO Mike Intrator, July CPI Report, SpaceX’s AI Outlook 8/12/26 · 2026-08-12