Its shares are up 347% over 12 months, and Needham said second-quarter guidance of $300 million marks one of the steepest ramps in company history.
The semiconductor equipment supplier is benefiting as chip makers expand capacity, with deposition and etch tools driving growth and lithography expected to add another tailwind in the fourth quarter.
The results highlight how smaller chip-linked technology stocks are outperforming larger software names, as AI-driven demand boosts suppliers including MaxLinear, Cohu and Ultra Clean Holdings.
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