Why Atomera Stock Surged 22% Higher in June
Shares of semiconductor materials licensing company Atomera (NASDAQ: ATOM) increased 22% in June, according to data from S&P Global Market Intelligence. The company reported $400,000 in revenue in the first quarter of 2021 from an advanced development agreement with an unnamed manufacturing customer, but the company's semiconductor materials tech is still in development. As a result, second-quarter revenue is expected to be nil, and any collected revenue will be highly unpredictable for the foreseeable future.
Nevertheless, chip designers and manufacturers are making progress on smaller and more powerful semiconductors, and there's no end in sight to the global chip shortage. Atomera could thus find itself with some consistent paying customers within a few years time.
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Source Fool.com
