Is Align Technology A Buy After Exceeding Expectations?

 The Chinese government issued a new funding policy last year encouraging more scientists to participate in hypersonic research and bring the technology, now mostly used by the military, to civilian users.

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Is Align Technology A Buy After Exceeding Expectations?

Shares of Align Technology (NASDAQ: ALGN), the world's leading manufacturer of clear tooth aligners, jumped on Thursday, Feb. 2, after the company reported earnings results from the fourth quarter of 2022. Investors responding to better-than-expected results drove the stock 27% higher in a single trading session.

Align Technology's shareholders have been all smiles lately. The stock is up more than 70% in 2023.