ASML Raises Full-Year Sales Forecast as Demand Outpaces Supply Through 2028
ASML raised its full-year sales forecast and said demand for its chipmaking machines will outpace supply through 2028, while Nvidia's CEO announced $2 billion in European deals and Saudi Aramco's eastern headquarters was hit by a Houthi missile attack, according to Bloomberg.
CEO Christophe Fouquet said ASML is looking at ways to increase capacity, Bloomberg reported. The program did not provide specific figures for the revised full-year sales forecast or quantify the expected supply shortfall. The outlook covers ASML's chipmaking machines out to 2028.
In a separate announcement, Nvidia CEO Jensen Huang said during a tour of Europe that Nvidia plans to invest $2 billion in European deals, according to Bloomberg Daybreak Europe. The program did not identify which deals or countries would receive the investment.
Also on the program, Bloomberg reported that Saudi Aramco's executive headquarters in eastern Saudi Arabia was hit during a missile attack by Houthi militants. The report did not provide further details on damage or casualties.
Bloomberg Daybreak Europe, broadcast from Brussels, also listed Canadian Foreign Minister Anita Anand, ARK Invest founder, CEO and CIO Cathie Wood, and Singapore Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong among its guests. The program covers overnight markets news from the US and Asia and provides insight before European trading begins.
Editor's Summary
ASML raised its full-year sales forecast and said demand for its chipmaking machines will exceed supply through 2028, with CEO Christophe Fouquet saying the company is examining ways to increase capacity. Nvidia CEO Jensen Huang separately announced plans to invest $2 billion in European deals, while Saudi Aramco's executive headquarters in eastern Saudi Arabia was hit by a Houthi missile attack, according to Bloomberg.