ACM Research, Inc. (NASDAQ:ACMR) saw a 22.02% increase last week, driven by Chinese semiconductor stock surges linked to Nvidia Corp.’s potential halt of H20 AI chip supply to China. The company, with most operations in China, benefits from the rally after Nvidia reportedly asked suppliers to pause production due to security concerns.

ACM Research, Inc. (NASDAQ:ACMR) experienced a 23% rise in net income to $29.76 million in Q2, up from $24.21 million last year, with revenues up 6% to $215 million from $202 million year-on-year. The company maintains a growth outlook for the year, targeting revenues between $850 million to $950 million.

Despite ACM Research, Inc.’s (NASDAQ:ACMR) strong financial performance, there are AI stocks with potentially higher returns and less downside risk. For those interested in an affordable AI stock benefiting from Trump tariffs and onshoring, a report on the best short-term AI stock is available for review.

Read more at Yahoo Finance.: ACM Research (ACMR) Gets 22% Boost From US-China Chip Tensions