Axcelis Drops Even as Chip Stocks Surge: Street Focuses on Next Move
Axcelis Technologies shares ended down late Friday, missing out on gains in the wider semiconductor group. Investors are watching for new signs on memory-chip demand and updates on its Veeco Instruments deal. Axcelis shares were down 2.9% at $150.98 late in the day, off session lows of $149.35 and after reaching as high as $157.10. At the same time, the iShares Semiconductor ETF was flat. Applied Materials and Lam Research, both bigger chip equipment names, posted gains of 0.6% and 1.0%.