ASML Sales Forecast Raised to €43-45B on Strong AI Chip Demand

ASML raised its full-year sales forecast to between 43 billion euros ($49 billion) and 45 billion euros, citing strong AI chip demand. This is up from a previous estimate of 36 billion to 40 billion euros. The company's second quarter net sales were reported at 9.3 billion euros, surpassing the expected 8.8 billion euros. Following the announcement, ASML shares rose over 7% at market open before settling 6% higher. This adjustment reflects increasing commitments from customers in the semiconductor sector, making it significant for investors tracking ASML (ASML).