Why You Should Buy This Market-Beating Semiconductor Growth Stock
Many investors gauge the strength of their portfolios by measuring their returns against the performance of the broader market or a specific index. This is often referred to as benchmarking, and in 2022, it doesn't take much to do better than the benchmark of the Nasdaq-100 technology index, which is down 22.7% so far.
While many individual technology stocks have tumbled further than that -- in some cases by 80% or more -- there's a cohort of companies that have fared better. Axcelis Technologies (NASDAQ: ACLS) is a semiconductor service company that crushed the Nasdaq-100 in 2021 with a 151% return, and while its stock is in the red this year, its 16.5% loss leaves its investors six percentage points better off than those who hold a fund that tracks the broader tech index.
Axcelis' outperformance is driven by its strong operational accomplishments. Here's why it's not too late to add it to your portfolio.
Source Fool.com
