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ASML's shares jumped more than 7% on Wednesday after the Dutch lithography equipment maker raised its sales forecast for the second time this year, with customers pressing ahead on AI chip production capacity.
The case for durable demand in semiconductor equipment is now backed by two consecutive guidance upgrades inside a single year. The risk is that cycles this compressed tend to arrive front-loaded.
Two upgrades, one clear signal A second guidance raise in the same calendar year is not routine housekeeping.
It tells you that ASML's order book is moving faster than the company's own planners expected, and that the customers doing the buying see no reason to pause.
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