- ASM International raised its 2027 revenue target by about 24%, to above €5.7 billion ($6.3 billion) at constant currencies, from its July forecast of above €4.6 billion.
- The company said the higher outlook sets it up to reach its 2030 revenue goal three years ahead of schedule, driven by a surge in sales linked to AI investments.
- A Goldman Sachs strategist cut his Korean market target, citing a lower growth multiple investors will pay for AI stocks and a rise in volatility.
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“a surge in sales linked to AI investments”