On May 27, KLA Corporation rose 3.41% in pre-market trading, trading at $2,068.87 per share, with trading volume of $3.55 million.
On the news front, Bernstein raised its target price on KLA from $1,875 to $1,975, while simultaneously lifting its global wafer fabrication equipment (WFE) spending forecast from $141 billion to $148 billion, representing a year-over-year increase of 21.4%. The revision signals a strongly bullish outlook on the semiconductor equipment industry. Driven by deterministic demand from AI computing infrastructure buildout, capital continues to flow into upstream equipment makers, with KLA, Lam Research, and Applied Materials remaining key overweight positions for institutional investors.
Within the Semiconductor Equipment sector, the overall sector showed broad strength. Among individual stocks, Teradyne up 3.48%, Lam Research up 3.45%, Applied Materials up 2.77%, ASML Holding up 1.9%, AXT Inc up 1.04%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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