ACM Research ( (ACMR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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ACM Research shares climbed after stronger-than-expected third-quarter results, an upbeat outlook, and a Reuters report that Intel has tested the company’s chipmaking tools, which investors saw as important customer validation. Analysts also pointed to improving semiconductor demand in China and better revenue trends, prompting them to reassess the stock and raise their expectations for its future performance and price targets.
More about ACM Research
Average Trading Volume: 1,245,462
Technical Sentiment Signal: Buy
Current Market Cap: $2.56B
For further insights into ACMR stock on TipRanks’ Stock Analysis page.
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