On January 6, 2026, KLA Corporation’s shares surged 3.4% to $1,398.66 following Cantor Fitzgerald’s upgrade to an “overweight” rating and a new price target of $1,500. The upgrade is attributed to an anticipated AI-driven semiconductor upcycle, with KLA poised to benefit from increased investment in advanced chipmaking. KLA specializes in process control tools essential for defect detection in semiconductor manufacturing. The share price rally coincided with strong sentiment among chip-equipment stocks, fueled by announcements at the CES in Las Vegas, where Nvidia and AMD showcased their latest AI-related technologies. KLA’s upcoming quarterly earnings, projected for January 21, are highly anticipated, especially for updates on advanced nodes and service revenue trends. However, policy risk concerning China’s semiconductor manufacturing may impact foreign suppliers. Despite challenges, industry forecasts predict semiconductor manufacturing equipment sales will rise significantly, driven by AI and advanced packaging investments.
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