BESI Boosts Forecasts

BESI.AS stock has risen over 100% since the beginning of the year, driven by investor expectations for adoption of its advanced packaging tools as chipmakers seek new ways to increase computing power for AI. The company's improved order momentum and stronger demand for data centre and photonics applications have led it to raise its long-term revenue targets to 1.7 billion euros to 2.2 billion euros, up from 1.5 billion euros to 1.9 billion euros. Additionally, the operating margin target has been increased to 45% at the lower end, while keeping the upper end unchanged at 55%.