ASML Rises as Analysts Lift Targets and Name It Top Pick
ASML shares rise after Morgan Stanley names it a "Top Pick" and lifts its price target to €1,000, citing strong demand for EUV tools and solid margins. UBS also reiterates its Buy rating.
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AI Demand Fuels ASML Orders, Compensating for Expected Plunge in China Revenue
ASML Holding posted stronger-than-expected orders, fueled by the booming AI sector. While current quarter forecasts exceed consensus, the chip equipment giant predicts a significant decline in sales to China in 2026, leading to cautious long-term sales guidance.
Applied Materials Forecasts $600M Revenue Hit from Expanded China Export Curbs
Applied Materials expects a $600 million revenue loss in fiscal 2026 due to new U.S. rules restricting exports of chip manufacturing machinery to China-based affiliates aimed at preventing circumvention of controls.