1 Super Semiconductor Stock Down 21% You'll Wish You'd Bought on the Dip

Over the past few years, investors have paid a growing amount of attention to semiconductor stocks. Advanced chips are powering an increasing number of products and services, including electric vehicles, cloud computing, consumer electronics, and artificial intelligence (AI), which is driving a demand boom across the industry. Axcelis Technologies (NASDAQ: ACLS) stock has surged 101% in 2023 so far, though it's down 21% since the beginning of August amid seasonal weakness in the broader market.