ACM Research: A Promising Semiconductor Growth Opportunity Outpacing Risks
ACMAECOM(ACM) Seeking Alpha·2024-08-09 16:28
SweetBunFactory Overview The stock market suffered a heavy correction in the last month. The S&P500 index was down 6%, but it was especially beaten hard by the semiconductor industry, with the iShares Semiconductor ETF (SOXX) down more than 20%. ACM Research (NASDAQ:ACMR), a company specializing in wafer cleaning equipment, has experienced a decline in stock price of almost 40% (Figure 1). The company beats Q2 estimates and raises its fiscal year guidance: “ACM is increasing its revenue guidance for fis ...