Morning Bid: Big Blue’s bad day raises the bar for ASML
A look at the day ahead in European and global markets from Tom Westbrook Europe’s most valuable company and the top supplier of chip-making equipment reports on Wednesday with the AI rally getting some speed wobbles. ASML is the only maker of EUV lithography systems, the huge $300 million machines needed to produce the tiny circuitry on cutting-edge chips.
Reported by 1 outlet — Investing.com · Economy. See all sources ↓
A look at the day ahead in European and global markets from Tom Westbrook Europe’s most valuable company and the top supplier of chip-making equipment reports on Wednesday with the AI rally getting some speed wobbles. ASML is the only maker of EUV lithography systems, the huge $300 million machines needed to produce the tiny circuitry on cutting-edge chips. It is set to report an 8.8% rise in second-quarter net profit at 2.61 billion euros ($2.99 billion) on a 14% increase in revenue at 8.8 billion euros, LSEG estimates showed. Analysts are also looking for an increase to the company’s full-year revenue forecast currently at 36 billion to 40 billion euros.
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- A look at the day ahead in European and global markets from Tom Westbrook Europe’s most valuable company and the top supplier of chip-making equipment reports on Wednesday with the AI rally getting some speed wobbles. ASML is the only maker of EUV lithography systems, the huge $300 million machines needed to produce the tiny circuitry on cutting-edge chips.
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- 1 outlet, average source rating 6.0/10.
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Morning Bid: Big Blue’s bad day raises the bar for ASML
Sources1TypeCoverageInvesting.com · Economy