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0.00367007919644577 0.00212478269267915 3.86324125940765E-06 0.00173459532547801 0.0040564033223875 -0.00830596870774579 -0.0137145064709291 -0.00788101216920999
Stock impact report

Steamboat Capital Partners explain why they believe in ACM Research [Seeking Alpha]

ACM Research, Inc. - Class A (ACMR) 
Last acm research, inc. - class a earnings: 3/18 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.acmrcsh.com
Company Research Source: Seeking Alpha
Managing Partner Parsa Kiai wrote that ACM Research ( ACMR ) is the Chinese domestic substation as the country seeks to replace foreign technology suppliers. “This trend has many historical analogs and is evident in the respective growth rates in the Chinese wafer fabrication equipment market for global peers such as Applied Materials ( AMAT ) and Lam Research ( LRCX ), and domestic suppliers such as ACM Research ( ACMR ) and Naura Technology Group.” ACM Research ( ACMR ) grew 43% last year and it may grow a further 30% this year, according to Steamboat Capital Partners. For comparison, Applied Materials ( AMAT ) grew only 3% in 2023, and has an estimated 1% growth for 2024. In addition, ACM Research ( ACMR ) is likely to exceed its 2024 revenue growth expectation while being valued at almost half of Naura Technology Group. “We estimate that the upside potential of ACM Research ( ACMR ) beyond 2024 can be even higher given its domestic market prospects and its nascent interna Show less Read more
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