Why ACM Research Stock Was Surging Today
Shares of ACM Research (NASDAQ: ACMR) were moving higher today as Chinese stocks surged after a state-run newspaper said that a healthy bull market was especially important following the pandemic. The news lifted the Shanghai Composite by 5.8%, its biggest one-day gain in five years, and also propelled stocks with close business ties to China, like ACM Research. ACM, which specializes in semiconductor cleaning technology, is based in California, but does the majority of its business in China.
