ASML Beats Profit, Guides Up; Chip Stocks Fall — SkimNews
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- ASML posted Q3 results that were mixed on the headline but included raised forward guidance, per Investor's Business Daily
- ASML's strong orders helped ease fears the AI spending boom is running out of steam, per Reuters
- ASML said it is seeing order interest stretching through 2030 as quarterly profit smashed expectations, per CNBC
- Intel, AMD, and other chip stocks fell in the immediate reaction to ASML's report despite the upbeat guidance and profit beat
Why it matters: ASML's bookings are the leading indicator for chip-fab capex, so profit smashing expectations plus order visibility through 2030 underwrites continued AI infrastructure spending — but the selloff in Intel and AMD shows the market wanted a cleaner 'all clear' than ASML's mixed print provided.
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