ASML posts record orders on AI chip demand, SK Hynix soars
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STORY: The AI boom showed no signs of slowing down for majors ASML and SK Hynix on Wednesday (January 28).ASML logged record orders in the fourth quarter.And the top computer chip equipment maker raised its outlook for the year as demand surged from its AI-focused customers.Fourth-quarter bookings leapt to a record $15.8 billion - well up from a year before and far ahead of analyst expectations.The firm also raised its sales guidance to between $46.8 billion to a near $54 billion - again ahead of analyst projections.Shares were up more than 4% in early trade - the stock is up close to 40% this year so far.The orders beat comes as ASML customers like Samsung and SK Hynix boost investment plans.Those firms have seen major demand for AI logic and memory chips needed by cloud computing giants like Microsoft and Google.South Korea's SK Hynix also reported record quarterly earnings Wednesday amid the AI boom.It smashed forecasts withย a profit more than double its previous record.It also predicted AI demand would keep pushing explosive growth in memory chip orders.
๐ Summary
STORY: The AI boom showed no signs of slowing down for majors ASML and SK Hynix on Wednesday (January 28).ASML logged record orders in the fourth quarter.And the top computer chip equipment maker raised its outlook for the year as demand surged from its AI-focused customers.Fourth-quarter bookings leapt to a record $15.8 billion - well up from a year before and far ahead of analyst expectations.The firm also raised its sales guidance to between $46.8 billion to a near $54 billion - again ahead of analyst projections.Shares were up more than 4% in early trade - the stock is up close to 40% this year so far.The orders beat comes as ASML customers like Samsung and SK Hynix boost investment plans.Those firms have seen major demand for AI logic and memory chips needed by cloud computing giants like Microsoft and Google.South Korea's SK Hynix also reported record quarterly earnings Wednesday amid the AI boom.It smashed forecasts withย a profit more than double its previous record.It also predicted AI demand would keep pushing explosive growth in memory chip orders.