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ASML (ASML) is in focus Wednesday after the equipment maker raised its sales forecast for a second time this year, with shares gaining 3% on the session.
Customers are still expanding their AI chip production capacity, the company said. That continued ramp is what pushed the outlook above the level set after the first revision earlier this year.
The second print and what it changes A single upward guidance revision tells you demand came in above the company's opening estimate. Two in a calendar year tells you demand has stayed elevated through the period.
ASML said its customers are still ramping AI chip production capacity, which means orders for the equipment those fabs require have held above the level the company modeled after its first update.
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