For investors who have been in the game for a while, the term "when everyone digs for gold -- sell shovels" is often metaphorical for a great potential opportunity. There is currently a global supply shortage of semiconductors -- the chips used in high-powered computers and cars -- leaving producers scrambling to expand capacity. Axcelis Technologies (NASDAQ: ACLS) provides manufacturing equipment to the companies that make semiconductors, and it's quietly growing at a rapid pace .
The COVID-19 pandemic triggered supply chain disruptions, and the work-from-home economy drove huge demand for computer equipment, generating a perfect storm in the chips space. Compounding the issue, government stimulus has armed consumers with record levels of savings, pushing up demand for big-ticket purchases like cars -- which are now more reliant than ever on semiconductors .
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Why You Need to Add Axcelis Technologies to Your Watch List Right Now