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ASML Rises On Upgraded Outlook As Capacity Expansion Signals Robust Chip Demand

News Snapshot:

Technology stocks moved higher early Wednesday after ASML Holding delivered strong earnings and raised its full-year guidance, providing fresh evidence that demand for the advanced chips and manufacturing equipment powering the AI boom remains intact.Nasdaq 100 futures gained about 40bps, while ASML shares rose 4% in Amsterdam after the company lifted its annual sales forecast for the second time this year. SK Hynix surged 8.8% in Seoul as the memory-chip maker's locally listed shares caught up with its US-listed ADRs, which soared 27% on Tuesday.Focusing on ASML earnings, the company now expects annual revenue of 43 billion euros to 45…

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