On June 25, ACM Research rose 5.12% overnight, trading at $106.8/share, with turnover of $262,500.
On the news front, the semiconductor equipment sector rallied collectively, with Applied Materials up 6.06%, Lam Research up 5.74%, ASML up 4.79%, KLA up 4.3%, and Teradyne up 3.5%. The broad-based sector strength reflects continued industry upswing driven by AI-related capital expenditure and advanced packaging demand.
ACM Research, as a leading provider of wet cleaning and electroplating equipment, reported Q1 new order growth of 65% year-over-year, with backlog orders approaching RMB 17 billion. The company recently attracted intensive research coverage from 129 institutional investors, signaling elevated capital attention as sector prosperity continues to be validated by order momentum and global equipment spending trends.
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