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Here's Why These 2 Stocks Soared 28% and 57% to Start 2023

TheMotleyFool

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Here's Why These 2 Stocks Soared 28% and 57% to Start 2023: https://g.foolcdn.com/editorial/images/716789/an-advanced-robot-arm-holding-a-computer-processing-chip.jpg

The stock market is off to a positive start in 2023, with the Nasdaq-100 technology index trading higher by more than 6% so far. If this continues -- and history suggests it might -- this year could be the polar opposite of 2022, when the index declined by more than 33%.

But the recent gain in the Nasdaq-100 pales in comparison to the surge in shares of Axcelis Technologies (NASDAQ: ACLS) and Offerpad Solutions (NYSE: OPAD), which have jumped 28% and 57%, respectively, to start the year.

Interestingly, the two companies experienced very different journeys during the tech sell-off in 2022. Here are the unique reasons behind their juicy returns so far in 2023.

Source Fool.com

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