Entegris Stock Is Stuck While AI Chip Demand Booms — Here’s What Traders Are Testing
Entegris shares were nearly flat in early Nasdaq trading on Thursday, lagging sharper gains in some chip-equipment peers as investors weighed the semiconductor materials supplier’s AI-linked growth case against a rich valuation. The stock recently traded at $127.75, up 5 cents, or less than 0.1%, after moving between $125.50 and $128.36. Entegris had a market value of about $19.6 billion at that price.