TECH - ASML Expected To Beat Estimates With Over $5B In Orders During Q2 Thanks To Rising AI Chip Demand | Benzinga
ASML Holding NV (NASDAQ:ASML), the leading supplier of equipment to computer chip manufacturers, is poised to witness a surge in new orders, driven by the escalating demand for AI chips. This development is likely to be announced on Wednesday when the company’s new CEO presents the second-quarter results.
What Happened: The anticipated influx of orders is attributed to the increasing demand for AI chips, a trend that is expected to prompt ASML’s clients to expand their production capacity, reported Reuters.
“We expect ASML’s order received value to reach close to €5 billion (approx. $5.45 billion) in the second quarter, higher than consensus estimates”, Mihuzo analyst Kevin Wang said, with robust orders from TSMC for ASML’s EUV product line.
This surge is largely driven by robust orders from key players in the ...