ACMR is trading at $124.39 (up 5%) as investors continue to react to its inclusion in multiple Russell growth indices, which has significantly boosted passive fund inflows and market visibility.
- This move extends a sharp rally from the previous session, where the stock surged over 10% due to index reconstitution-related buying.
- The inclusion has triggered mandatory demand from index-tracking funds, providing strong upward momentum for the share price.
- Market participants are currently debating the stock's rich valuation in the context of this sustained, index-driven demand.