1 Smart Semiconductor Stock to Buy Now
The semiconductor industry is playing an increasingly important role in global supply chains as consumer goods become smarter and therefore require more advanced computer processing power.
The iShares Semiconductor ETF (NASDAQ: SOXX), which is representative of the industry's performance, has risen 69% over the last 12 months in a remarkable acceleration over the five-year average of 38%. The strong year is attributable to a semiconductor supply shortage caused by pandemic-related disruptions to the manufacturing process, which has boosted prices and profit margins.
Investors wondering how to benefit from this might be interested in Axcelis Technologies (NASDAQ: ACLS), a semiconductor service powerhouse delivering stellar growth. This stock could supercharge your portfolio for the rest of 2021 and beyond.
Source Fool.com
