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The maker of ion implant equipment stock tanked back in August on what the market deemed soft Q3 guidance. The stock is still down over 20% from its high.
However, if Q3 meets that guidance, it would demonstrate strong yoy growth as compared to Q3 FY2019. The selling was overdone in my opinion.
Due to recent bullish preliminary reports from NXP Semi and strong macro tailwinds for semis due to 5G, networking, AI, cloud computing etc., shares look very attractive here.