ASML's order book expected to increase due to AI chip boom.

From Investing.com: 2024-07-16 19:47:20

ASML, a top chip equipment supplier, set to report new orders surge after second-quarter results. Focus will be on Chinese firms’ purchasing of older chip-making equipment. Analysts expect upgraded guidance due to increased purchases from key chip makers like TSMC. New CEO steering ASML through U.S.-China chip fight sees $437 billion valuation and strong demand ahead. Orders from TSMC help ASML’s earnings outlook with growing order book and record high share prices. Second-quarter net income expected at 1.41 billion euros on revenue of 6.04 billion euros, a decrease from the previous year. ASML needs consistent new orders to meet its 2025 sales forecast amid intense competition. China’s increased chip-making efforts raise concerns on market distortions and competition. ASML’s strategic importance in global supply chain highlighted during COVID-19 shortages.



Read more at Investing.com: ASML’s order book expected to jump on AI chip boom By Reuters