Quick: Name a market-beating semiconductor company.
You probably said Nvidia (NASDAQ: NVDA)
Maybe AMD. Possibly Broadcom (NASDAQ: AVGO) if you’ve been paying attention and wanted points for originality. But nobody says Photronics (NASDAQ: PLAB).
You can’t say Photronics at the water cooler and receive anything other than a blank stare. This niche specialist isn’t a well-known market darling. Yet the stock keeps beating the market.