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ASML Raises Sales Forecast Amid AI Demand
ASML raised its 2026 sales forecast due to growing AI demand, but lower-than-expected Q3 revenue caused shares to drop by 3%. The company warned that chip equipment demand may exceed supply in 2027-2028, despite the revenue miss. The market impact includes ASML shares falling 3%, Micron and Sandisk shares dropping 3.60% and 0.32%, respectively.