u/checazzo01

Buy Semiconductor CapEx Instead of Memory You Monkey (DD on $VECO)

Veeco Instruments (VECO) is the dominant supplier of laser spike annealing equipment essential for next-generation memory fab buildouts across Samsung, Micron, SK Hynix, and China. With massive memory capex expansion underway and VECO trading at a significant discount to semiconductor equipment comps like AMAT and LRCX, the company has substantial upside potential with a blended valuation target around $145.