Why This Tiny Semiconductor Stock Has Doubled in Price in 2021
The semiconductor industry has had a bumper year as demand soars for the advanced computer chips that power many consumer products from smartphones to cars.
Producers have struggled to keep up as pandemic-related shutdowns halted manufacturing for portions of 2020 and 2021. It has led to rising profit margins across the industry, as companies operate at maximum capacity and increase prices.
The iShares Semiconductor ETF (NASDAQ: SOXX) is a bellwether for the sector's performance, as it holds shares in many of the world's top producers. It has risen by 38% so far this year, but that pales in comparison to Axcelis Technologies (NASDAQ: ACLS), which is up 117%.
Source Fool.com
