Two key barometers of the AI supply chain have delivered better-than-expected results. $ASML Holding (ASML.US)$ Q2 revenue came in at EUR 9.33 billion and net profit at EUR 2.92 billion, both exceeding expectations, and the company raised its full-year revenue guidance to EUR 43–45 billion.$Taiwan Semiconductor (TSM.US)$ Q2 net profit reached NT$706.6 billion, up 77% year-over-year, significantly surpassing the market’s expectation of NT$632.6 billion and setting a new record high. The former reflects validated demand for equipment orders and wafer fab capacity expansion, while the latter directly confirms sustained strong demand for advanced process nodes and AI chips. Can these two robust earnings reports alleviate market concerns about overheated investment in AI? Are you more bullish on ASML Holding, Taiwan Semiconductor, or the repositioned memory duo?