ASML Warns of Growth Challenges Amid Geopolitical Uncertainty

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4 days ago
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ASML, the world's largest supplier of chip manufacturing equipment, has issued a warning that it may not achieve growth by 2026, despite reporting better-than-expected orders for the second quarter. Analysts had hoped ASML's performance would alleviate concerns about its future outlook. However, the company highlighted ongoing geopolitical uncertainties as a significant factor clouding its prospects.

ASML's CEO, Christophe Fouquet, emphasized the increasing uncertainty stemming from macroeconomic and geopolitical developments. The company's net orders for the second quarter reached 5.54 billion euros (approximately $6.4 billion), surpassing analysts' consensus forecast of 4.44 billion euros.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.