ASML Raises 2026 Outlook Amid AI-Driven Chip Demand Surge

ASML raises its 2026 revenue outlook to between 36 and 40 billion euros, driven by AI infrastructure demand, particularly in South Korea. Allbirds transitions to AI infrastructure under the NewBird AI brand, securing 50 million dollars for GPUs and AI compute, leading to a significant stock surge. Snap Inc announces layoffs of 1,000 employees as AI boosts efficiency, projecting cost savings exceeding 500 million dollars by the second half of 2026. Additionally, Microsoft acquires Stargate Norway capacity, Google launches a new AI Mac app, and EU regulators urge Meta to restore AI access on WhatsApp amid antitrust scrutiny. Anthropic's revenue growth challenges OpenAI's valuation, and Apple addresses deepfake concerns with Elon Musk's Grok app.