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Camtek Reports Strong Growth, Positive Outlook
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Camtek Reports Strong Growth, Positive Outlook

Camtek (CAMT) has released an update.

Camtek Ltd., a leading inspection and metrology equipment manufacturer for the semiconductor industry, has reported a significant 34% year-over-year revenue increase to $97.0 million for Q1 2024, with a positive outlook for continued growth. Driven by robust demand in High Bandwidth Memory (HBM) and chiplets applications, the company anticipates Q2 revenues to reach between $100-102 million, marking a 37% mid-point year-over-year growth. Camtek’s strong financial performance is underpinned by a surge in demand for High Performance Computing (HPC), propelled by the transformative trend in AI technology.

For further insights into CAMT stock, check out TipRanks’ Stock Analysis page.

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