Onto Innovation shares are trading higher after the company announced over $100 million in orders for systems supporting advanced packaging for AI.
Portfolio Pulse from Benzinga Newsdesk
Onto Innovation has announced over $100 million in orders for systems supporting advanced packaging for AI, leading to a rise in its share prices.
August 29, 2023 | 2:59 pm
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Onto Innovation's stock is trading higher after the company announced over $100 million in orders for AI packaging systems.
The announcement of over $100 million in orders for systems supporting advanced packaging for AI is a positive development for Onto Innovation. This indicates strong demand for their products, which could lead to increased revenues and profitability. As a result, the company's stock is trading higher.
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IMPORTANCE 80
RELEVANCE 100