ACMR is trading 4.8% up at $106.50 in pre-market, extending a sharp rebound fueled by bullish analyst actions and improving sentiment toward semiconductor equipment makers.
- Roth Capital recently raised its price target for the stock to $125, highlighting renewed optimism for demand in China-facing chip tools.
- The company continues to outperform as chip stocks stabilize following a broader AI-driven sector sell-off.