ASML Lifts Sales Forecast on AI Demand Surge

ASML upgraded the low end of its 2026 sales forecast as increasing artificial intelligence spending boosts demand for the Dutch company's chip-making machines. The firm projected annual sales of between €44 billion ($49 billion) and €45 billion this year. ASML's outlook offers an indication of investment plans by chipmakers like TSMC, Samsung Electronics and Intel. Bloomberg's Tom Mackenzie reports on the company's performance and the factors driving its growth. The report highlights how ASML's machines are critical for producing advanced chips used in AI applications, and how the company is navigating supply chain challenges to meet demand. The segment also discusses the competitive landscape and the potential risks to ASML's outlook, including geopolitical tensions and economic uncertainties. Investors are closely watching ASML as a proxy for the health of the semiconductor industry and the broader tech sector.