Strong demand for AI systems pushed up sales forecasts and drove a gain in second-quarter profits Wednesday at Dutch tech giant ASML, which manufactures chip-making machines to power the tech industry.

ASML's China system sales dropped from 36% to 19% in one quarter as US export controls tighten. The chipmaking giant raised 2026 revenue guidance to €36-40

TSMC and ASML report Q2 2026 earnings amid a tech stock selloff. Here's what their results mean for AI spending, semiconductors, and crypto markets.