Shares of tech company II-VI (NASDAQ: IIVI) soared 40.2% in the first half of 2020, according to data provided by S&P Global Market Intelligence. That very nearly set a new all-time record for the stock, which is now up 145.3% over the last five years.
II-VI (pronounced "two-six") manufactures high-tech devices, focusing especially on lasers and laser components. Following its merger with optical communications company Finisar in September, II-VI has focused on lasers used in communications and communications networks. Its components will be critical to the much-anticipated rollout of 5G wireless technology.
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