ASML Expected To Beat Estimates With Over $5B In Orders During Q2 Thanks To Rising AI Chip Demand
Portfolio Pulse from Benzinga Neuro
ASML Holding NV (NASDAQ:ASML) is expected to exceed estimates with over $5 billion in orders for Q2, driven by rising demand for AI chips. Key clients like TSMC, which produces chips for NVIDIA and Apple, are contributing to this surge. The new CEO will present these results amid the U.S.-China chip dispute.
July 16, 2024 | 7:59 am
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POSITIVE IMPACT
Apple indirectly benefits from ASML's strong Q2 performance as TSMC, a key supplier, increases production to meet AI chip demand.
Apple, as a client of TSMC, will benefit from TSMC's increased production capacity driven by ASML's strong Q2 orders, potentially boosting Apple's stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
ASML is expected to report over $5 billion in orders for Q2, driven by high demand for AI chips. This is likely to positively impact the stock in the short term.
The anticipated surge in orders, driven by AI chip demand, is expected to exceed market expectations, likely boosting investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
NVIDIA benefits indirectly from ASML's strong Q2 performance as TSMC, a key supplier, ramps up production to meet AI chip demand.
NVIDIA, as a client of TSMC, will benefit from TSMC's increased production capacity driven by ASML's strong Q2 orders, likely boosting NVIDIA's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
TSMC's robust orders for ASML's EUV product line are contributing to ASML's expected strong Q2 performance. This indicates strong demand for TSMC's chip production capabilities.
TSMC's significant orders for ASML's EUV tools highlight strong demand for its chip production, which is likely to positively impact TSMC's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70