On June 4, KLA Corporation rose 3.07% in regular trading, trading at $2,107.38 per share, with trading volume of $752 million. The stock has now surpassed its 52-week high of $2,060.08 set in late May, extending a broad recovery in the semiconductor equipment sector.
On the news front, the rally builds on multiple supportive catalysts. Bernstein recently raised its target price on KLA from $1,875 to $1,975 while upgrading its global wafer fabrication equipment spending forecast to $148 billion, reflecting a 21.4% year-over-year increase driven by AI computing infrastructure buildout. Separately, Powerchip Semiconductor announced the acquisition of KLA manufacturing facilities and equipment for NT$1.05 billion, signaling robust downstream demand for advanced process control solutions.
Within the Semiconductor Equipment sector, the overall tone remained positive. Among individual stocks, Lam Research up 2.2%, Applied Materials up 1.95%, Teradyne up 3.18%, ASML up 1.04%, while AXT Inc fell 4.53%.
(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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