Reported 19 days ago
ASML, a leading chipmaking supplier, is expected to see a positive outlook from mega-deals in the AI sector as it prepares to report its third-quarter earnings. Analysts predict an increase in new bookings to 5.36 billion euros, influenced by major tech firms like TSMC and Intel expanding their chip capacities. Despite previous uncertainties, the recent AI-driven market rally suggests increased demand for ASML’s essential manufacturing equipment. However, there are concerns about the timelines for chip production expansions as building new facilities can take several years.
Source: YAHOO