Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why ACM Research Stock Plunged Today

TheMotleyFool

0 0

Shares of ACM Research (NASDAQ: ACMR) were tumbling today as the maker of semiconductor cleaning equipment fell in sympathy with Semiconductor Manufacturing International (OTC: SMIC.Y) (SMIC), a chipmaker and customer of ACM that may get blacklisted by the U.S. Department of Commerce. The news also triggered an analyst downgrade on ACM Research.

As of 2:53 p.m. EDT, ACM shares were down 28.3%, while SMIC stock had fallen 20.3%.

Image source: Getty Images.

Source Fool.com

Like: 0

ACMR

Share