After two years of heavy spending on stay-at-home and work-from-home electronics purchases, reports are mounting that the global consumer is tapping the brakes. Skyrocketing inflation isn't helping, and the U.S. Federal Reserve's aggressive interest rate hikes aimed at taming out-of-control commodity prices is casting shade on growth prospects for many businesses too. In fact, with use of AI and the cloud poised to be a top priority in the business world for the rest of the 2020s, ASML's woes are likely to be relatively short lived.