ASMPT Soars to Record as Sales Forecast Beat on AI Demand – Bloomberg
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Chip gear maker ASMPT Ltd. shares jumped as much as 8.7% to a record as its second-quarter revenue beat expectations, driven by strong growth from its semiconductor business critical for AI.
The Hong Kong-listed company expects second quarter revenue of $540 million to $600 million, according to a filingBloomberg Terminal Wednesday, topping the $531.1 million estimate per Bloomberg consensus.