1 Surprising Semiconductor Stock Down 43% You'll Regret Not Buying on the Dip

By Parkev Tatevosian, CFA – May 24, 2024 at 5:30AM

NASDAQ: ACLS

Axcelis Technologies

Market Cap

$5B

Today's Change

(-1.72%) -$2.43

Current Price

$138.73

Price as of June 14, 2024, 4:00 p.m. ET

This semiconductor stock will benefit from the increasing percentage of electric vehicles produced.

Fool.com contributor Parkev Tatevosian highlights one semiconductor stock that offers investors a solid risk versus return at current valuations.

*Stock prices used were the afternoon prices of May 21, 2024. The video was published on May 23, 2024.

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.