Chip equipment makers brace for sales decline on memory slump – Nikkei Asia

Stock prices on rise as investors factor in anticipated recovery, demand from AI
TOKYO — Seven out of the nine top chipmaking equipment manufacturers are likely to log a sales decline in the current quarter as client companies rein in capacity investment in the face of a worsening semiconductor market. 
But despite the downbeat forecast, their stock prices have been on the rise, reflecting investor hopes for generative artificial intelligence and the bottoming out of the market. 
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