I first began writing about Axcelis Technologies (NASDAQ: ACLS) in mid-2021, when its share price was just $41. The stock was flying under Wall Street's radar, but it was becoming an essential service provider to the fast-growing semiconductor industry and there was a clear opportunity emerging.

Axcelis stock has soared roughly 200% since then, and demand for advanced computer chips will only grow over time. In fact, some estimates suggest the sector could be worth a whopping $1.5 trillion per year by 2030. That means the world's leading producers will have to significantly expand manufacturing capacity, and Axcelis' portfolio of equipment and services will make that possible.

A handful of Wall Street analysts are now covering the company with a crystal-clear bullish consensus. Here's why investors should consider buying it hand over fist.

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Source Fool.com