ACM Research Inc. (NASDAQ:ACMR) shares soared by 18.42% in intraday trading on Thursday, outperforming the broader market. The rally in the semiconductor equipment company's stock appears to be driven by its impressive earnings growth and a bullish stance from a prominent investor.
ACM Research has demonstrated robust earnings per share (EPS) growth, with a compound annual growth rate of 39% over the past three years, according to a recent analysis. This impressive growth has caught the attention of investors and analysts, indicating the company's potential for further success.
Furthermore, Kerrisdale Capital, a well-known investment firm, has disclosed a long position in ACM Research, signaling their belief in the company's prospects. The firm's bullish stance on ACMR could have contributed to the stock's surge, as investors closely monitor institutional investor moves.
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