Why Veeco Instruments, Inc : (NASDAQ:VECO) is a good momentum stock?
Veeco Instruments Inc. (NASDAQ: VECO) is a company that specializes in the design, development, and manufacturing of advanced equipment used in the production of various electronic devices and components. The company was founded in 1945 and is based in Plainview, New York, USA.
Veeco primarily focuses on providing process equipment solutions for the semiconductor industry, including technologies related to compound semiconductors, MEMS (Micro-Electro-Mechanical Systems), power devices, and other advanced electronic materials. Their equipment is used in processes such as deposition, etching, lithography, and metrology, which are essential steps in the fabrication of semiconductor devices.