Another slew of key data releases and corporate earnings could rock markets in the week ahead. But the spotlight shines on the world’s largest contract chipmaker with a market cap of almost $1 trillion.

Shares of ASML have been on a tear this year, surpassing the $1000 and €1000 milestone across both exchanges. Its position as the world’s leading manufacturer of chip-making equipment has allowed it to benefit from the A.I. frenzy with shares up over 40% year-to-date.

Given how Nvidia has been at the heart of the AI mania, the stakes are high with investors looking for extraordinary earnings that would justify the eye-popping stock gains.

The SPX500_m, which tracks the underlying S&P 500 index, is at the mercy of two of the largest market themes of 2023 coming head-to-head this week.