Wall Street is soaring to new heights in 2024, buoyed by a robust U.S. economy as well as investor interest in advancements in artificial intelligence. As a result, the S&P 500 index gained over 15%, while the tech-heavy Nasdaq Composite index has advanced over 18% year-to-date. This impressive rally has sparked investor interest in tech stocks to buy in July despite concerns about a potential market peak.  Anticipated earnings growth and potential Federal Reserve rate cuts are further buoying optimism. In ...

BEVERLY, Mass., June 18, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, is scheduled to participate in the 16th Annual CEO Investor Summit 2024, being held Wednesday, July 10th at the St. Regis Hotel, San Francisco, CA. The presentation material utilized during the CEO Summit will be made accessible on the investor page of the company's website at www.axcelis.com.About the 16th Annual CEO Investor Summ ...

In the latest market close, Axcelis Technologies (ACLS) reached $138.73, with a -1.72% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.04%. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 0.12%.Shares of the semiconductor services company witnessed a gain of 24.29% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.27% and the S&P 500's gain of 4.15%.Market participants will ...

Event Scheduled for Thursday, July 11, 2024, in San FranciscoBEVERLY, Mass., June 13, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the company's plans to host a company sponsored hybrid Investor Event for the investment community from 8 a.m. PT to 11:00 a.m. PT on Thursday, July 11, 2024. The event will be held at the St. Regis Hotel in San Francisco. All executive officers will be in atten ...

Nvidia, Axcelis, and Pinterest could all generate bigger gains than the top tokens.The cryptocurrency market warmed up over the past year as stabilizing interest rates drove many investors toward speculative investments again. But cryptocurrencies still aren't for everyone; most of the market's top tokens are still notoriously volatile, and their prices are largely driven by supply, demand, and market hype.So if you're looking for growth but don't want to roll the dice on cryptocurrencies yet, it's a good i ...

The $100 per share price point is a magical threshold for many investors and companies. Stocks priced below that amount are considered affordable while those above it are “expensive.” It is why when many companies announce a stock split the ratio applied is typically sufficient to get the shares below $100. For example, Chipotle Mexican Grill (NYSE:CMG) trades at over $3,100 per share. Its shareholders just approved a 50-to-1 stock split, one of the largest splits in the history of the New York Stock Exchan ...

kentoh/iStock via Getty Images Introduction I recently pulled the trigger and opened a small position in Axcelis Technologies (NASDAQ:ACLS), so I wanted to outline the three reasons why I decided to finally start a position. It is a great company in a niche area of semiconductors, specifically ion implantation, in which it holds the biggest share globally. The company’s products are top-of-the-class in the ion implant business, and the continuation of improvements and laser focus of the company on these ...

It was a good week for EV chip stocks as leading automotive CEOs hinted a recovery could be on the horizon.Shares of electric vehicle (EV) chip stocks Axcelis Technologies (ACLS 0.15%), Coherent (COHR -1.08%), and Aehr Test Systems (AEHR 5.02%) rallied this week, up 13.2%, 15.7%, and 16.3%, respectively, through Thursday trading, according to data from S&P Global Market Intelligence.Each of these companies plays a part in the production and testing of silicon carbide (SiC) chips, a newer compound that is th ...

Most investors are looking right past a handful of companies that will benefit from the brewing explosion of demand for computing solutions.Most investors understand the importance of diversifying their portfolios. However, there's no denying that technology stocks regularly outperform most other industries' stocks. That's why it wouldn't be entirely wrong to take on some additional exposure to these names and to the tickers leading the charge, in particular. Semiconductor stocks consistently rank among the ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...