Semiconductor Manufacturing International
13-week gains: 56%
The next big winner of the past few weeks is less than 1% of Apple’s size and sure doesn’t have the same household recognition as some other big-name tech companies. None of those things seem to be stopping it, though.
Semiconductor Manufacturing International (NYSE:SMI), a Chinese holding company, is a leading global semiconductor foundry based in Shanghai. Its market cap is a mere $2 billion compared to Apple’s nearly $500 billion, while its average trading volume doesn’t even come close to 1 million.
Still, over the past three months, SMI has climbed more than 50%. It has more than climbed out of its 2012 hole for solid 25% gains over the past 12 months.
Size sure isn’t everything.
Comments are currently unavailable. Please check back soon.