What happened?According to data from S&P Global Market Intelligence, Nano Dimension's shares (NASDAQ:NNDM), gained 16.1% in June. Strong momentum in the wider market helped to propel the stock of the semiconductor 3D printing specialist.Growth-dependent technology stocks saw strong gains in June after months of volatile trading. Nano Dimension stock rose as investors rediscovered tech stocks. The Nasdaq Composite index increased 5.5%.What are you waiting for?Nano Dimension's gains in June don't seem to have been influenced by any business-specific news. Nano Dimension received approval by the U.S Patent and Trademark Office for "double-sided and multiplelayered printed circuit boards fabrication using inkjet printing" on June 15. However, the patent approval doesn't seem to have been directly related to the stock gains.What now?Nano Dimension's share prices have fallen in July's trading. The stock has fallen 6.6% so far in July.Nano Dimension stock has seen huge gains in the past year. Its share price has increased by approximately 263% during that time. The company has delivered strong returns despite having to issue substantial new shares to finance business operations. The Israeli tech specialist has seen its outstanding share count increase by more than 450% in the past year and its market capitalization have increased roughly 2,600%.Nano Dimension has a market capitalization in excess of $2 billion. Its value is 395 times the expected sales this year. The company was an early innovator in 3D-printing technology for additive manufacturing of semiconductors. Investors should be aware that this stock is highly speculative.DragonFly LDM machines from the company have been adopted by research institutions as well as enterprise customers. The 3D-printing specialist recently released a new version of its hardware. These machines can quickly create prototype semiconductors, which could speed up the development of general technology and chips in certain industries. Nano Dimension stock is a high-risk and high-reward investment. It's also difficult to predict how the business will develop over the next five year.
