ACM Research has Ignored the Nasdaq Correction. Revenue are set to Multiply to $3 Billion While Reducing Dependency on Chinese Customers!

Among the stocks close to their 52-week highs, ACM Research (ACMR) stands out with a new upward movement since the beginning of the year. This has also been defended during the ongoing Nasdaq correction, and a new interim high could soon be marked by the stock. ACM Research primarily serves Chinese customers such as SMIC and HLMC, who utilize wafer cleaning solutions to enhance yield. In recent years, ACM Research benefited from the high equipment investments of the Chinese to make their chip industry more competitive. Although ACM Research's...