AI Demand Drives New Orders, ASML Raises 2026 Full-Year Revenue Outlook
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AI Summary (NQ-processed)
ASML, the world's largest chip manufacturing equipment supplier, raised its 2026 full-year revenue outlook due to sustained AI demand. Its first-quarter earnings exceeded market expectations, with 2026 revenue projected to be between 36 billion and 40 billion euros. ASML provides critical EUV equipment to major companies like TSMC, Nvidia, and Apple, and its stock has risen 40% this year. The company plans to ship 60 EUV machines in 2026 and 80 in 2027.
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