Camtek (NASDAQ: $CAMT) is an under-the-radar small-cap stock that is proving to be a big beneficiary of demand for artificial intelligence (A.I.) data centres and memory chips.
The company is an Israel-based manufacturer of microchip inspection equipment and software solutions that are widely used in the semiconductor space.
A going concern since 1987, Camtek specializes in checking semiconductor wafers and chips during production to ensure defect-free manufacturing and improve their performance.
As one might expect, business is booming with demand for A.I. and memory microchips surging as data centres grow around the world.
CAMT stock has risen 158% over the last 12 months, including a 68% gain so far in 2026.
Yet, Camtek’s market capitalization stands at $8.94 billion U.S., making it a small-cap stock defined as any security with a market valuation of less than $10 billion U.S.
Through five years, Camtek’s stock is up nearly 440%. The shares currently trade at $194.33 U.S. each.
The stock can be expected to continue running higher if the A.I. boom continues on its current trajectory and demand for microchips and semiconductors remains red hot.
The company works with the world’s leading microchip manufacturers, foundries, and semiconductor testing companies.
The huge run in the stock has made it richly valued. CAMT stock is currently trading at 233 times this year’s earnings estimates, which is nosebleed levels.
And Camtek does not pay a dividend to its shareholders.
However, for investors who want a stealthy way to play the A.I. infrastructure buildout, small-cap Camtek might be worth a closer look.
