Stocks in the AI industry have seen huge gains in recent years. A recent report by PWC estimated the sector could contribute up to $15.7 trillion to global gross domestic product.
ASML's orders and earnings beat expectations but it is also being hit by fears of stricter limits on chipmaking equipment exports.
Dutch technology giant ASML Holding NV (NASDAQ:ASML), the supplier of high-end lithographic machinery used to manufacture computer chips, had another strong quarter, with sales reaching the high end of guidance at €6.2 billion (£5.2 billion). It marks an 18% year on year increase in revenues, net income coming in 29% higher at €1.6 billion.
ASML reported second-quarter earnings and sales that beat forecasts as it continues to see a recovery in demand for its machines that are required to make the world's most advanced chips. In this article ASML-NL
ASML , the largest equipment supplier to chipmakers, on Wednesday reported better-than-expected second-quarter net income of 1.6 billion euros ($1.7 billion) on revenues of 6.2 billion euros, while new bookings rose.
ASML, SAP, Nvidia, Vertex and EssilorLuxxottica are included in this Analyst Blog.
The market leader's shares have paused their rally over the past month but catalysts could come from elsewhere.
ASML , the top equipment supplier to computer chip makers, is expected to report an influx of new orders when its new boss delivers second-quarter results on Wednesday, as customers expand capacity to meet booming demand for AI chips.
The tech sector continues to surge, but with so many options, where should you invest? Amazon, Spotify, and ASML Holdings look appealing at these levels.
ASML Holding's (ASML) second-quarter 2024 results are likely to reflect strength in EUV and DRAM amid macro headwinds.
It was inevitable that tech stocks with massive potential and reach would be the titans of the digital age. Six out of seven trillion-dollar companies are in tech, as are some of the closest stocks to that trillion-dollar mark.
These days, you don't need much extra motivation to consider the bullish case of surging semiconductor stocks. Yes, the spotlight is on the individual innovations, such as artificial intelligence or automated mobility.