ASML is highly cyclical, but the demand for AI chips bodes well for its future.Artificial intelligence (AI), and specifically, generative AI, has fundamentally changed the tech industry. These breakthroughs have shifted the tech economy and are on track to bring significant productivity gains.Many investors believe such a transformation is not possible without one company, and the company usually cited is Taiwan Semiconductor (TSMC). However, it would not be possible for TSMC to manufacture its most advance ...