By John Ballard, The Motley Fool
Publication Date: 2026-10-30 02:43:00
ASML (NASDAQ:ASML) makes the machines that make the world’s most advanced chips, yet Nvidia(NASDAQ:NVDA) brings in nearly 10 times as much revenue — here’s why that gap exists, and why it doesn’t make ASML the weaker business.
ASML: Steady Growth From the Sole EUV Supplier
ASML Holding primarily generates revenue by designing, manufacturing, and selling advanced extreme ultraviolet (EUV) and deep ultraviolet lithography systems that global semiconductor manufacturers require to produce highly complex integrated circuits for modern electronic devices.
It recently initiated construction of a major new Eindhoven manufacturing campus to systematically expand its operational footprint, and it concurrently faced ongoing geopolitical discussions about potential United States export restrictions affecting its older equipment lines.
Nvidia: The Company Capturing the AI Spending
Nvidia primarily earns its revenue by developing the advanced graphics processing units (GPUs), specialized computational platforms, and high-performance networking solutions widely utilized across enterprise data centers, global gaming platforms, and emerging automotive systems worldwide.
It recently introduced several new modular infrastructure designs to drastically reduce data center deployment times across Europe. At the same time, the United States Department of Justice formally opened an antitrust investigation into the licensing…
