(Bloomberg) -- ASML Holding NV surged the most since 2020 after booking orders worth twice as much as analysts expected, as the artificial intelligence boom fuels demand for its chipmaking machines.

The Trump administration wants to beef up existing restrictions on chip exports to China, according to a report.

That compares with the average €800.2 million analyst estimate compiled by Bloomberg. ASM also confirmed its outlook for the full year. Chipmaking-equipment companies, such as ASM and ASML ...