Europe could burst Trump’s AI bubble
Johnny Ryan writes: Ursula von der Leyen, the president of the European Commission, has two cards to play that might pop the AI bubble. If she does so, Trump’s presidency will be thrown into crisis. First, Dutch company ASML commands a global monopoly on the microchip-etching machines that use light to carve patterns on silicon. These machines are essential for Nvidia, the AI microchip giant that is now the world’s most valuable company. ASML is one of Europe’s most valuable…