In this article ASML-NL ASML Follow your favorite stocks CREATE FREE ACCOUNT onathan Raa | Nurphoto | Getty Images ASML reported orders that smashed past expectations while 2026 sales guidance was also ahead of estimates as AI demand continues to support the Dutch chip giant's business. Bookings, one of the most closely-watched metrics from investors, came in at 13.2 billion euros ($15.8 billion) ...
In this article ASML-NL ASML Follow your favorite stocks CREATE FREE ACCOUNT onathan Raa | Nurphoto | Getty Images ASML reported orders that smashed past expectations while 2026 sales guidance was also ahead of estimates as AI demand continues to support the Dutch chip giant's business. Bookings, one of the most closely-watched metrics from investors, came in at 13.2 billion euros ($15.8 billion) in the fourth quarter of 2025, ahead of analyst expectations of 6.32 billion euros, according to Visible Alpha, as cited by Reuters. This was a record quarter for orders, according to ASML's finance chief. Here's how ASML did versus LSEG consensus estimates for the fourth quarter: Net sales: 9.7 billion euros ($11.6 billion) versus 9.6 billion euros expected Net profit: 2.84 billion euros vs 3.01 billion euros expected The company said it expects net sales in the current quarter of between 8.2 billion and 8.9 billion euros and total sales for 2026 to come in at between 34 billion euros and 39 billion euros. The mid-point is above analyst expectations of 35.1 billion. ASML previously said it does not expect 2026 total net sales to be below 2025. ASML's forecast would represent growth, appearing to mark an improvement in its prior commentary on 2026. ASML, which makes tools required to manufacture the most advanced chips in the world, is experiencing several tailwinds, driven by the AI infrastructure boom, that have pushed its shares up nearly 30% this year alone. Taiwan Semiconductor Manufacturing Co. (TSMC) this month posted another record rise in profit in the fourth quarter, adding to the narrative that demand for AI chips and infrastructure will continue. TSMC, a customer of ASML, is the world's biggest chipmaker and manufactures semiconductors for companies from Nvidia to AMD . Meanwhile, there is a shortage of memory semiconductors, causing an unprecedented jump in prices of the component, with some in the electronics industry expecting the crunch to continue through 2...
Kirstie and Phil’s Love It or List It 8pm, Channel 4 Wheelchair user Andy is fed up with his family’s dated bungalow and its narrow corridors. He’s ready to move but his partner Sam thinks they should stay put and modernise. To make things even trickier, there’s also their one-year-old son to consider. Should they spend a £60k budget on making some renovations or £500k on a new property? Kirstie a...
Kirstie and Phil’s Love It or List It 8pm, Channel 4 Wheelchair user Andy is fed up with his family’s dated bungalow and its narrow corridors. He’s ready to move but his partner Sam thinks they should stay put and modernise. To make things even trickier, there’s also their one-year-old son to consider. Should they spend a £60k budget on making some renovations or £500k on a new property? Kirstie and Phil battle it out with their ideas. Hollie Richardson Digging for Britain 8pm, BBC Two Prof Alice Roberts visits the lost estate of the last Anglo-Saxon king of England, Harold Godwinson. There’s also a trip to a shopping centre unit, which Gloucester Museum is using to help with an archaeological storage crisis. This also means that 60% of UK museums have no space to take in new finds. Alexi Duggins Landscape Artist of the Year 2026 8pm, Sky Arts Stephen Mangan and the judges (including Eva Langret, director of Frieze London, taking over from Kate Bryan) are in the port of Dover this week, with terrible puns about “channelling” Turner. Eight artists get their easels out as they go brush to brush for a place in the final. HR Can You Keep a Secret? View image in fullscreen Play dead … Dawn French and Mandip Gill in Can You Keep a Secret? Photograph: BBC/Big Talk Studios/Alistair Heap 9pm, BBC One Who is blackmailing the Fendons over the fake death? That’s the question at the heart of Dawn French’s deliciously dark comedy at this point. With policewoman Neha in on the secret now, they set to work on finding answers – but it would help if supposedly dead William would stop leaving the house and offering to babysit. HR Patience 9pm, Channel 4 A monk kneels in prayer, in the chapel of a monastery – he’s met a premature demise in that position, so Patience (Ella Maisy Purvis) and Frankie (Jessica Hynes) have a new case to solve, which involves exposing a lot of secrets that have long been cloistered. For Patience, though, the prospect of making a public speech about her polic...
「每个企业的基因不同、体质不同，腾讯的风格就是稳扎稳打。」在新年员工大会上，腾讯创始人马化腾一方面回应了外界对于腾讯在 AI 竞争上的质疑，一方面又强调了对 AI 的重视，是过去一年最大的投入方向。 与此同时，马化腾也罕见为最新推出的「元宝派」站台，安利员工下载体验元宝 APP，还透露： 「因为我自己也在内测，我们的元宝也会引入一个新的和我们特点结合的社交功能。元宝派未来可能还会再设计一些通信的功...
「每个企业的基因不同、体质不同，腾讯的风格就是稳扎稳打。」在新年员工大会上，腾讯创始人马化腾一方面回应了外界对于腾讯在 AI 竞争上的质疑，一方面又强调了对 AI 的重视，是过去一年最大的投入方向。 与此同时，马化腾也罕见为最新推出的「元宝派」站台，安利员工下载体验元宝 APP，还透露： 「因为我自己也在内测，我们的元宝也会引入一个新的和我们特点结合的社交功能。元宝派未来可能还会再设计一些通信的功能，我们先结合自己的优势，社交通信以及我们的关系链营造一个好的氛围。」 现在，元宝派终于来了。 从公开报道来看，元宝派已经开始邀请一些外部用户进行内测，也流出了更多关于产品体验的细节。更重要的是，元宝派终于结合腾讯自身的社交优势，打造出了 AI 社交体验。 图片来源：元宝 不单如此，马化腾不仅确认春节期间将在元宝里发放 10 亿现金红包，这是腾讯多年不参与「撒币」之后的又一次大手笔登场，更是直言希望重现 11 年前微信的红包时刻，可见其重视程度之高。 但元宝，或者说最新登场的 AI 社交空间「元宝派」，真的能撑起马化腾的期待，像微信一样让腾讯提前手握下一个时代的船票？ 元宝派，到底是个什么 AI 社交？ 只看表面，「元宝派」很容易被简单看作一个「元宝里的群聊」。但从已经流出的内测体验来看，它更像是腾讯第一次为一个 AI 产品，单独做了一套社交容器。 在元宝 APP 里，底部功能栏新增了一个独立入口「派」。用户可以创建派，生成邀请链接，把链接发到微信或 QQ，对方点链接后会直接跳转到元宝，自动加入同一个派。也就是说，这是一个跨微信 + QQ 关系链的第三空间。 这一步非常重要。 过去十年，除了最初支持将 QQ 的关系导入微信，腾讯一直让 QQ 和微信的关系链彼此隔离，而这一次，它第一次选择在一个 AI 产品里，把两条链路「汇在一起」。如果只把元宝派当成一个聊天功能，未免小看它了。 从交互层面看，元宝派几乎是照着微信和 QQ 复刻的。发文字、发语音、传文件、传图片、引用，还会支持一起听歌、看视频的功能。当然，元宝派也支持私聊，群成员头像横排在输入框上方，点头像可以私聊，几乎不需要任何学习成本。 事实上，根据马化腾的说法，元宝派的灵感就是来自腾讯会议里的群聊/协同场景，目标不是传统的一对一问答，而是做一个 AI + 多人社交的「社交空间」，让 AI 能和一群人一起娱乐、一起协作。...
Eoneren/E+ via Getty Images Arbor Realty stock: previous thesis and new catalysts I last analyzed Arbor Realty Trust (NYSE: ABR ) stock on Dec 11 with an article titled "Arbor Realty: Why Insiders Kept Buying (Rating Upgrade)". That article focused on its latest insider activities and upgraded my rating on the stock to buy. Since then, there have been a few new catalysts evolving around this mREIT...
Eoneren/E+ via Getty Images Arbor Realty stock: previous thesis and new catalysts I last analyzed Arbor Realty Trust (NYSE: ABR ) stock on Dec 11 with an article titled "Arbor Realty: Why Insiders Kept Buying (Rating Upgrade)". That article focused on its latest insider activities and upgraded my rating on the stock to buy. Since then, there have been a few new catalysts evolving around this mREIT stock. Given the sensitivity of mREIT businesses on interest rates, the most important catalyst on my radar is the status of the yield curve. The recent transition of the yield curve from an extended period of inversion to a positive slope marks a definitive shift in the macroeconomic environment facing ABR in my model. To be more explicit , the data below shows this transition in my details. Following the Federal Reserve's December rate cut, the spread between short term rates (taken as the 3-month treasury rates) and long-term treasury rates (taken as the 10-year treasury rates) have finally become positive. Moreover, the spread has been on a widening trend since my last writing and currently hovers around 0.55%. As a background, the yield curve began to be inverted in mid-2022 and remained that way till earlier 2025. In most of 2025, the spread fluctuated very tightly around zero. Next, I will explain why I expect the yield curve to further steepen in the near future and will detail my thoughts on the implications for ABR stock. FRED Yield curve could further steepen The reasons behind my above expectation are quite straightforward. I expect short-term rates to further decrease while long-term rates to remain elevated. Let me start with the short-term rates. According to the following CME Group FedWatch Tool , currently, the market expects dominant odds for the Fed rates to be further lowered in 2026. As an example, in about 6 months (in the June 17 FOMC meeting), the most likely scenario the market sees is for short-term rates to decrease to the 3.25% to 3.5% range wit...
Jan 28 (Reuters) - ASML reported stronger-than-expected bookings on Wednesday as the world's largest supplier of computer chip equipment received more orders thanks to larger investments in artificial-intelligence chipmaking capacity. Fourth-quarter bookings, the most watched metric in the industry, were 13.2 billion euros ($15.8 billion), compared with 5.4 billion euros in the previous quarter...
Jan 28 (Reuters) - ASML reported stronger-than-expected bookings on Wednesday as the world's largest supplier of computer chip equipment received more orders thanks to larger investments in artificial-intelligence chipmaking capacity. Fourth-quarter bookings, the most watched metric in the industry, were 13.2 billion euros ($15.8 billion), compared with 5.4 billion euros in the previous quarter. That compared with analyst expectations of 6.32 billion euros according to researcher Visible Alpha. "In the last months, many of our customers have shared a notably more positive assessment of the medium-term market situation, primarily based on more robust expectations of the sustainability of AI-related demand," ASML's Chief executive Christophe Fouquet said in a statement. The orders beat comes as several of ASML's chipmaker customers raise investment plans amid surging demand for AI logic and memory chips needed by cloud computing giants such as Microsoft, Amazon and Alphabet's Google. The Dutch company also hiked its outlook for 2026, It now expects full-year sales of between 34 billion and 39 billion euros, compared with analysts' expectations of 35 billion euros, according to LSEG data. It has previously forecast flat-to-lower sales than in the previous year, which came in at 32.7 billion euros in 2025. "We expect 2026 to be another growth year for ASML's business", Fouquet said. Analysts had expected the Dutch giant to benefit from the stronger demand of top customers such as TSMC and Samsung, as chipmakers increase capital spending to expand capacity for AI-related chips amid tight global supply of memory, and AI-accelerator chips. ($1 = 0.8339 euros) (Reporting by Toby Sterling in Amsterdam and Nathan Vifflin in Gdansk; editing by Matt Scuffham and Christian Schmollinger)