Why I Prefer to Strike After a 60% Correction with This AI Beneficiary!
Süss Microtec has corrected 60% from its peak. The risk-reward ratio for the medium term of 1 to 2 years looks much better to me now.
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The chip equipment supplier Süss Microtec (i) has plunged by 60% since its peak of 70 euros in mid-2024. I am a proponent of picking up such cyclical stocks when they have undergone a phase of flatter order intake and have completed a substantial correction. Investors often forget in their exuberance that strong order inflows in cyclical industries do not continue indefinitely. This was the case for Süss Microtec, as order intake normalized. In 2025, one will have to rely on a backlog of 325.8 million euros (2024: 450 million euros), but 2026...
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