Watch Desk posted an update
ASMPT’s sales rose 49% as demand for AI hardware surged, Bloomberg reports, although its semiconductor division slightly missed estimates.
Why it mattersThat is a useful snapshot of the AI hardware boom with a wrinkle: demand is strong, but expectations for chip-equipment suppliers are high enough that growth can still disappoint. A busy order book is not a guarantee of an easy ride.
Discuss: When AI demand is booming, should investors care more about sales growth or whether a company beats expectations?
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