00:00 Speaker A
In addition to bank earnings, of course, we’ve received other earnings coming out. I mentioned ASML. Romzon, what do we hear from the Dutch chip equipment creater and what does it notify us about sort of where we are in the AI trade right now?
00:15 Romzon
I’m definitely going to avoid declareing that phrase. Um yes, so ASML uh is really benefiting from the AI boom. Its share price not only on the Nasdaq in the pre-market up over 4%, even in its uh home counattempt, the Netherlands, also up over 4% there too. Now remember it recently became the most valuable valuable listed firm in Europe and it’s among the companies in the semiconductor indusattempt which have been impacted by tightening US chip export restrictions to China and US President Donald Trump’s threat on of tariffs on the sector since he took office back in January. Now,
01:00 Romzon
the stock, as I declared, has been propped up by their their pretty impressive earnings to be honest with you. In short, it beat estimates with bookings of 5.4 billion euros. That’s around 6.3 billion dollars. And
01:17 Romzon
even though orders from China are down, and actually that might not be a bad thing for investors, given that Europe as well is attempting to up its efforts to decouple from Chinese tech in the name of national security. So perhaps not such a bad thing.
01:38 Romzon
Now the chip giant also though did declare it does not expect 2026 total net sales to be below 2025 and will communicate further on its goal in January. So we’ll really have to wait to see what they declare in January, but overall a pretty rosy picture from Europe’s largest company.
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