Was Jim Cramer Right About Axcelis Technologies, Inc. (ACLS)?

We recently published a list of Was Jim Cramer Right About These 9 Stocks? In this article, we are going to take a look at where Axcelis Technologies, Inc. (NASDAQ:ACLS) stands against other stocks that Jim Cramer discusses.

In an older segment, a viewer asked about Axcelis Technologies, Inc. (NASDAQ:ACLS) following a notable price decline. Cramer reaffirmed the company’s strong fundamentals but noted that the stock was being overlooked by the market at the time. He said:

“That company is a very good semiconductor company… it’s been left behind. I find that very interesting.”

Cramer stayed positive, but the stock crashed -46.86%, proving him wrong.

Axcelis Technologies Inc. (NASDAQ:ACLS) develops and manufactures ion implantation systems and related equipment used in the fabrication of semiconductor chips.

Was Jim Cramer Right About Axcelis Technologies, Inc. (ACLS)?

A close-up of an engineer working on precision semiconductor chip fabrication.

Overall, ACLS ranks 5th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ACLS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.