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Dell to Ship Servers with NVIDIA's Blackwell AI Chips as ASML Reports €2.63B Bookings, 50% Below Estimate

Oct 15, 2024, 03:11 PM

Dell Technologies has announced the launch of new servers equipped with NVIDIA's Blackwell AI chips, set to begin shipping next month. This development comes amid concerns regarding the semiconductor industry, particularly related to ASML, a key supplier of lithography machines. ASML reported third-quarter bookings of €2.63 billion, significantly below the estimated €5.39 billion, marking a 50% decline. This drop has raised alarms about potential weakening demand for NVIDIA's AI chips, as ASML's equipment is crucial for their production. The news has also impacted other semiconductor equipment suppliers, with Applied Materials and Lam Research experiencing a 7% decline in their stock prices following ASML's announcement. Analysts suggest that the reduced bookings signal broader issues in the semiconductor market, including softness in demand outside of AI applications and potential cutbacks from major players like Intel.