ASML Beats Q2 Estimates, Intel Adopts High-NA EUV for Panther Lake
MU has more than doubled off its 52-week low of $103.38.
Summary
ASML reported Q2 revenue of €9.33B and net income of €2.92B, both above analyst estimates, driven by AI chip demand. The company noted customers are accelerating capacity expansion, providing longer-term demand visibility. Separately, Intel will use ASML's new High-NA EUV tool for its advanced Panther Lake chips, a significant adoption milestone. For Micron, a key ASML customer, this signals continued investment in leading-edge manufacturing capacity, reinforcing the AI-driven memory boom. Micron's own HBM supply is sold out for 2026, and this equipment demand suggests the industry is building for sustained growth. The news follows Micron's record Q3 results and $1T+ market cap milestone in May.
At the time of this announcement, MU was trading at $983.12 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1T. The 52-week trading range was $103.38 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.