ASML, the Dutch company that is the only supplier of the extreme ultraviolet (EUV) lithography machines needed to make the most advanced semiconductor chips, reported Q3 profits that beat expectations and said it had customers interested in placing orders through 2030. The company also said it was unlikely to have enough capacity to meet the demand, and raised Q4 sales guidance. Sales were slightly below expectations, but the stock jumped 3% as traders concluded the demand for AI services remained strong.
European markets and U.S. futures were up this morning on that news, following a flat close for the S&P 500 yesterday.
