ASML (ASML) earnings were excellent for the AI trade, says D.A. Davison's Gil Luria. He points to commentary from the CEO that the company is struggling to meet demand as a bullish sign for the AI buildout. As for the stock's downside trading action, Gil attributes it to "bad luck" on a day where CPI came in hot. Steven Dickens calls ASML a "classic picks and shovels play" and says its lithography business offers plenty of strength for its outlook. He sees hyperscaler earnings from Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), and Amazon (AMZN) as tech's next big test.