ASM International led the momentum, with its American depositary receipts climbing after the Dutch semiconductor manufacturer raised its sales forecast. The company explicitly attributed this upward revision to relentless demand from AI-focused clients. Corning echoed this sentiment, confirming that its fiber-optic materials division continues to see robust revenue growth driven by the same infrastructure expansion.
Capital deployment remains aggressive across the sector. Broadcom and AI startup Anthropic finalized a $63 billion debt agreement intended to fuel the construction of massive AI infrastructure projects. Meanwhile, in the fintech space, PayPal Holdings CEO Enrique Lores signaled a shift in strategy, announcing plans to expand the firm’s financial service offerings, particularly under the Venmo brand, to capture a larger share of consumer digital transactions.
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