ASML Sees AI-Driven Orders Surge Amid China Sales Decline Forecast
ASML Holding, the leading chip equipment maker, has exceeded Q3 order estimates amid booming AI investments. However, the company anticipates Chinese sales to drop significantly next year following export restrictions. Shares rose 3.2% following the positive earnings report.
AI Investment Boom Drives ASML Performance
ASML Holding, the world’s largest supplier of computer chip-making equipment, has reportedly beaten third-quarter order estimates as the global rush toward artificial intelligence continues to drive demand, according to recent financial reports. The company’s net bookings reached 5.40 billion euros ($6.27 billion), surpassing analyst expectations of 5.36 billion euros.