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ASML rises 4% after hiking sales forecast for second time this year on strong AI chip demand
ASML on Wednesday raised its guidance for the second time this year and reported stronger-than-expected quarterly results as its customers continue to ramp up production of AI chips.
AI Summary
ASML lifted its full‑year sales outlook to €43‑45 billion and raised its gross‑margin target to 54‑56%, after reporting quarterly results that beat expectations. The Dutch equipment maker said the revision reflects accelerating demand from customers increasing AI‑chip production. Previously, the company had forecast annual net sales of €36‑40 billion with a 51‑53% gross margin. The new guidance marks the second upward adjustment this year, underscoring the impact of strong AI chip orders on its business.
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