1 Tiny Semiconductor Stock Up 60% So Far in 2023 -- Is It a Buy Now?
A little over a year ago, I highlighted an investor presentation from a tiny semiconductor company called Axcelis Technologies (NASDAQ: ACLS). Axcelis makes one specific class of equipment -- ion implantation machines -- used in the fabrication of silicon wafers (which eventually get chopped up into the "chips" that power our electronic devices). Axcelis is a beneficiary of the coming surge in demand for its machines as a new generation of chip manufacturing gets rolling.
It's been a bumpy ride since then, but Axcelis clobbered the bear market of 2022. Shares are up nearly 80% over the last 12 months, including a more than 60% surge so far in 2023. Is this semiconductor equipment stock still a buy now?
Ion implantation is a type of materials engineering. Basically, a silicon wafer can be modified at the molecular level by introducing "impurities" (another element besides silicon) to either increase or decrease its electrical conductivity. Ion implantation machines are Axcelis' specialty.
Source Fool.com
