ASM International

ASM International raises its fourth-quarter revenue forecast to €1.23 billion, beating the analyst consensus of €1.18 billion. The currency-adjusted revenue target originally planned for 2030 of €5.7 billion is now expected to be reached by 2027. As the world market leader in atomic layer deposition (ALD), the company is benefiting strongly from capacity expansions for leading-edge semiconductor manufacturing amid the AI boom. » Más en finanzen.net

UBS has reiterated its 'Buy' rating for ASM International and raised the target price from €1,275 to €1,325. ASM is considered a leading supplier of deposition systems for wafer processing, particularly in the area of atomic layer deposition (ALD). The company is benefiting from strong demand driven by the AI boom, which has noticeably improved its outlook. » Más en finanzen.net

ASM International’s share tumbles about 6.6% to an intraday low near €775, well below the 52-week high of €1,092.50. The decline was triggered by sector-wide selling in AI-related semiconductor stocks after calls from OpenAI and Anthropic to slow AI development, and by a technical break below the medium-term uptrend. Analysts' warnings (Jefferies: sell), strong technical sell signals and a risk-off environment in US markets have amplified the pressure; investors are awaiting new fundamental data in October. » Más en de.investing.com