Why Axcelis Technologies Rose 20.6% in December
Shares of Axcelis Technologies (NASDAQ: ACLS) rose a whopping 20.6% in December, according to data from S&P Global Market Intelligence. Axcelis is a semiconductor equipment stock focused primarily on ion-implantation equipment -- a key step in the production cycle for advanced- and mature-node chips.
There wasn't any specific news propelling Axcelis higher last month, but the company did hold its investor day on Dec. 9, providing a solid business model that showed a path to $1 billion in revenue -- significantly higher than today. In addition, lower-valued semiconductor stocks fared much better than their higher-priced software peers, as the current shortage shows few signs of easing anytime soon and interest rates seem poised to rise.
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Source Fool.com
