AI boom drives record sales at Dutch tech giant ASML.
Context
What happened: ASML reported record third-quarter sales and strong profits, citing AI-driven demand, and said it will scale up production. It slightly raised its full-year sales forecast.
Key numbers: Q3 net profit 5.0 billion euros versus 2.1 billion a year earlier.
Why it matters: The CEO said demand is outstripping supply, with some customers interested in orders for 2029 and 2030, and the firm is seeking to boost 2028 capacity beyond an announced 30 percent increase. ASML remains the only maker of EUV machines for advanced AI chips.
Market: -3.9% today ($1,650.00), +42.3% YTD, 1.9x vol — as of 22:46 UTC