ASML Expected To Beat Estimates With Over $5B In Orders During Q2 Thanks To Rising AI Chip Demand

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What Happened: The anticipated influx of orders is attributed to the increasing demand for AI chips, a trend that is expected to prompt ASML’s clients to expand their production capacity, reported Reuters.“We expect ASML’s order received value to reach close to €5 billion (approx.$5.45 billion) in the second quarter, higher than consensus estimates”, Mihuzo analyst Kevin Wang said, with robust orders from TSMC for ASML’s EUV product line.

ASML Holding NV (NASDAQ:ASML), the leading supplier of equipment to computer chip manufacturers, is poised to witness a surge in new orders, driven by the escalating demand for AI chips.

This surge is largely driven by robust orders from key players in the ...

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Category: Technology

Markets: United StatesChinaJapanNetherlandsTaiwan

Topics: Tech US0378331005 AI stocks USN070591862 US67066G1040 Markets AAPL US8740391003 Artificial intelligence Equities NVDA News TSM ASML Kaustubh Bagalkote Guidance Benzinga

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Published On: 2024-07-16 @ 07:59:28 (11 hours ago)

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