AEM share price to smash $10 in 2023?
It is often said that to win in the stock market, you must buy low and sell high. Yet when a stock goes into a free fall, it takes an investor with incredible gumption to buy the stock. AEM share price (SGX: AWX) is currently in that predicament. After hitting a high of $5.25 in 31 December 2021 due to the pandemic-induced technology boom, AEM share price collapsed to the current $3.40 at the point of writing.
The rise and fall of AEM share price (SGX: AWX) are indeed intriguing yet gut-wrenching for investors. In this context, the high volatility of AEM share price (SGX: AWX) means that this stock is not suitable for retail investors looking for stable returns. Despite so, it is certainly not the endgame for the semiconductor test equipment company. Investors must realize that AEM Holdings operates in a highly cyclical industry and its business is affected by the slump in the sector.
The latest financial result only confirmed what it already known to many investors – recovery of the semiconductor will likely to take place only in the latter half of this year due to the inventory glut across the industry. In view of this, AEM share price (SGX: AWX) faces a blistering winter ahead.Read more