Was Jim Cramer Right About These 9 Stocks?

5. Axcelis Technologies, Inc. (NASDAQ:ACLS)

Number of Hedge Fund Holders: 27

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.