On June 2, KLA Corporation rose 3.17% in regular trading, trading at $2,004.79 per share, with trading volume of $371 million. The stock previously touched a 52-week high of $2,060.08 before pulling back, and is now resuming its upward trajectory.
On the news front, Bernstein recently raised its target price on KLA from $1,875 to $1,975, while simultaneously lifting its global wafer fabrication equipment spending forecast from $141 billion to $148 billion, representing a 21.4% year-over-year increase. The upgrade signals strong institutional conviction in the semiconductor equipment cycle, driven by sustained AI compute infrastructure buildout. KLA, along with Lam Research and Applied Materials, remains a key overweight position for institutions as capital continues flowing into upstream hardware segments.
Within the Semiconductor Equipment sector, the overall board strengthened broadly. Among individual stocks, Applied Materials up 4.61%, Lam Research up 4.52%, Teradyne up 3.99%, ASML Holding up 3.89%, AXT Inc up 7.58%.
(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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