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ASML, the world's largest supplier of computer chip manufacturing equipment, reported record third-quarter sales and increased its full-year 2026 sales outlook to between €44 billion and €45 billion.
Jesse Cohen, senior markets analyst at Investing.com, highlighted that the company attributed these developments to strong demand and spending related to AI.
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Jesse Cohen has previously highlighted major moves in Asian markets. He recently reported on an overnight drop of nearly 4 percent in South Korea's Kospi Index. Cohen also covered SK Hynix shares falling 10% in Korea trading, erasing $85 billion in market value.