News Score: Score the News, Sort the News, Rewrite the Headlines

ASML jumps over 7% 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.The Dutch semiconductor-equipment maker said it now expects full-year sales to come in between 43 billion euros ($49 billion) and 45 billion euros, and a gross margin of between 54 and 56%. It previously predicted annual net sales of between 36 billion and 40 billion euros, and a gross margin between 51% and 53%.The ...

Read more at cnbc.com

© News Score  score the news, sort the news, rewrite the headlines