ASM shares rose as much as 9.5% to €856.20 apiece on Wednesday morning in Amsterdam, the highest on record.
(April 22): ASM International NV projected revenue for the second quarter that exceeded analysts’ estimates, underscoring that artificial intelligence investments are driving demand for the Dutch chip-equipment maker’s gear.
Revenue will be about €980 million for the three months through June, at constant currency, with a range of 5% above or below that level, the Almere, Netherlands-based firm said in a statement after market hours on Tuesday. That compares with the average analyst estimate of €886.8 million, according to data compiled by Bloomberg.
