- CCMP is setting new records in terms of quarterly revenue, but the pace of growth has slowed to a crawl.
- The stock jumped by 21% in response to Intel's renewed focus on manufacturing, raising hopes that growth at CCMP could start to accelerate.
- The bull case rests on the belief that demand for CMP slurries and pads will go up, favoring CCMP as a supplier of essential materials for semiconductors.
- Recent developments could make a major difference long term, but the fact remains that not much has changed with the exception of CCMP becoming more expensive.
For further details see:
CMC Materials: Stuck In The Slow Lane