Chip-machine supplier ASML raises guidance
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The earnings report could be significant for the entire industry.
The AI investment boom has created a sharp divide between companies benefiting from long-term demand and those merely riding short-term enthusiasm. While many technology businesses continue spending hundreds of billions of dollars on AI infrastructure,
ASML stock jumped more than 3% on Wednesday in premarket trading. What's behind the move: The Dutch chip-equipment maker reported better-than-expected second quarte
ASML Holding NV, Europe’s most valuable company, said Intel Corp. has begun to use its most advanced machine for chip production, showing that the new equipment is ready for widespread adoption.
ASML raised its full-year sales forecast for a second time, after topping top- and bottom-line estimates for the second quarter.
ASML Holding lifted its annual sales guidance for the second time and said it would boost output of its semiconductor-making machines in the coming years as the race to build artificial-intelligence infrastructure turns chips into a hot commodity.
China's state-driven semiconductor initiative has achieved a groundbreaking milestone with a functional EUV lithography prototype, challenging the West's technological dominance.
