1 Super Semiconductor Stock Down 21% You'll Wish You'd Bought on the Dip
Over the past few years, investors have paid a growing amount of attention to semiconductor stocks. Advanced chips are powering an increasing number of products and services, including electric vehicles, cloud computing, consumer electronics, and artificial intelligence (AI), which is driving a demand boom across the industry.
But while many investors are focused on the world's largest chip companies like Nvidia and Advanced Micro Devices, they might be overlooking some incredible opportunities at the smaller end of the market.
Axcelis Technologies (NASDAQ: ACLS) stock has surged 101% in 2023 so far, though it's down 21% since the beginning of August amid seasonal weakness in the broader market. It's now trading at an extremely attractive valuation, and there's reason to believe further upside is around the corner. Here's why.
Source Fool.com
