On July 7, Acm Research fell 5.59% in pre-market trading, trading at $92.55/share, with turnover of $2.27 million.
The decline comes amid broad-based selling across the semiconductor equipment sector. Among major peers, Applied Materials fell 8.23%, Lam Research fell 7.84%, KLA-Tencor fell 6.93%, Teradyne fell 6.78%, and ASML fell 4.71%, indicating significant sector-wide pressure rather than company-specific weakness.
Notably, the pullback follows a sharp rally in the prior session driven by Goldman Sachs systematically upgrading its valuation framework for Chinese semiconductor equipment companies. Goldman shifted its methodology to a discounted P/E based on 2030 projected earnings, maintaining buy ratings and raising target prices across the group. Acm Research, the U.S.-listed parent holding 74.5% of Shanghai-listed Shengmei, had surged over 5% on that catalyst. The current reversal suggests profit-taking following the Goldman-driven gains amid broader sector weakness.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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