JP Morgan has upgraded its earnings forecasts for ASML Holding NV for 2027 and 2028 after the chipmaker indicated it can produce more extreme ultraviolet (EUV) lithography machines than previously expected. ASML, which holds a global monopoly on these advanced chipmaking tools, initially guided for shipping 80 low-NA EUV tools in 2027 but now suggests it can exceed 110 units without expanding cleanroom capacity. JP Morgan identified several ways ASML can boost production, including faster manufacturing cycles and repurposing existing cleanroom space. This signals stronger revenue potential for ASML as demand for chipmaking equipment remains robust.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
REX Shares has filed for the REX AI Chipmaking ETF, targeting the booming $1.3 trillion AI infrastructure sector. The fund tracks the VettaFi AI Chipmaking Index, focusing on companies involved in wafer fabrication equipment, advanced packaging, and ...
ASML reported strong Q2 earnings with EPS of $8.69, surpassing estimates of $7.98, and revenue of $10.67 billion, exceeding forecasts of $10.23 billion. The company attributes this growth to increased demand for AI chips, prompting customers to accel...
ASML Holding N.V. reported strong Q2 results with €9.3 billion in sales and earnings per share of €7.59, surpassing market expectations. The company raised its 2026 revenue guidance to between €43 billion and €45 billion, with a gross margin target o...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
