Why ACM Research Stock Popped Today

Shares of ACM Research (ACMR 11.63%) were moving higher today after the company updated its full-year guidance for 2023 and gave better-than-expected guidance for 2024.As a result, the semiconductor stock was up 10.8% as of 12:10 p.m. ET. ACM surprises to the upsideACM Research makes wafer-cleaning equipment for the semiconductor industry and it occupies a unique niche in the sector. The stock soared in 2023 on broader gains in the sector, and 2024 seems to be off to a strong start as well. In what was esse ...