ASML's Record Orders Smash Estimates as AI Spurs Demand [Yahoo! Finance Canada]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance Canada
analysts' expectations, as the rapid development of artificial intelligence infrastructure boosted demand for its cutting-edge chip-making machines. Bookings in the fourth quarter were a record €13.2 billion ($15.8 billion), driven by demand for its most sophisticated equipment, the Veldhoven, Netherlands-based company said in a statement on Wednesday. That compares with an average analyst estimate of €6.85 billion, according to data compiled by Bloomberg. Most Read from Bloomberg ASML is the only producer of cutting-edge lithography machines that are needed to make advanced semiconductors, and counts all the leading chip manufacturers as customers, including Taiwan Semiconductor Manufacturing Corp. and Intel Corp. Its machinery is integral to producing the Nvidia Corp. AI accelerators that are the backbone for training and running AI models in data centers. The Dutch company's bookings are one signal of chipmakers' confidence in future AI demand. The AI boom has continued int
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