To The Moon

The semiconductor sector rose an average of ~2.33% at the January 29, 2026 ET market close, primarily driven by ongoing AI demand tailwinds, strong earnings momentum from key equipment and foundry players, and positive guidance reaffirmations amid broader market resilience.

Stock futures fell Friday, a day after the S&P 500 posted a second consecutive losing session, but trimmed declines after President Donald Trump nominated Kevin Warsh to succeed Jerome Powell as Federal Reserve chair.

The best-performing concepts is Semiconductors. Considering the different perceptions of the stock, this time TigerPicks chose $Atomera Inc(ATOM)$ $Ichor Holdings Ltd.(ICHR)$ $Ultra Clean(UCTT)$ $Camtek(CAMT)$ $Lam Research(LRCX)$ $KLA-Tencor(KLAC)$ $MKS Instruments(MKSI)$ $ASML Holding NV(ASML)$ $Nova Ltd(NVMI)$ to have a fundamental highlight to help users understand it better.

1.$Atomera Inc(ATOM)$+8.93%

• PowerAmerica acceptance of GaN-on-Si concept paper boosted investor confidence in Atomera's MST technology adoption.

• Broader semiconductor rally and AI-related materials demand lifted small-cap semis like ATOM. Positive technical momentum from recent multi-day gains amid sector strength.

2. $Ichor Holdings Ltd.(ICHR)$+8.45%

• Raised Q4 2025 revenue above midpoint guidance and projected at least $240M for Q1 2026. Sequential gross margin improvement expected in Q1 2026 outlook.

• Analyst upgrades and price target increases (e.g., B. Riley to $30 neutral) following guidance.

• Resilient fluid delivery subsystem demand in semiconductor equipment recovery.

3. $Ultra Clean(UCTT)$+4.77%

• Strong momentum from $Taiwan Semiconductor Manufacturing(TSM)$ 's AI/high-performance chip spending ramp-up plans.

• Analyst price target hikes (e.g., Needham to $50 Buy) on AI-linked prospects.

• Operational efficiency gains from cost reductions and vertical integration.

4. $Camtek(CAMT)$+3.64%

• Surging AI/HPC demand and rapid HBM capacity expansion driving inspection/metrology orders.

• Positive analyst commentary on exposure to CoWoS-like packaging shifts.

• Strong fundamentals in advanced packaging supercycle.

• Momentum from recent multi-week gains amid sector tailwinds.

5. $Lam Research(LRCX)$+3.59%

• Q2 FY2026 earnings beat (EPS $1.27 vs. est $1.17; revenue $5.34B vs. est $5.23B), Strong Q3 guidance and record AI-driven results.

• Analyst price target raises (e.g., TD Cowen to $290 Buy; JPMorgan to $300) on WFE growth outlook.

• Elevated deposition/etch intensity and advanced packaging >40% growth forecast.

6. $KLA-Tencor(KLAC)$+3.53%

• Q2 FY2026 earnings beat (EPS $8.85 vs. est $8.82; revenue $3.30B vs. est $3.25B).

• Confidence in outperforming WFE market in 2026 on process control intensity.

• AI-driven demand across advanced nodes and packaging.

7. $MKS Instruments(MKSI)$+3.32%

• Strong sector momentum and AI-related demand lifting equipment stocks, recent all-time high price action amid semis rally.

• Positive analyst sentiment on operational execution, and broader chip equipment tailwinds from order strength.

8. $ASML Holding NV(ASML)$+2.27%

• Record Q4 bookings (€13.2B, far above estimates) and strong EUV orders, raised 2026 revenue guidance midpoint to €36.5B (12% growth).

• AI/memory normalization and China demand recovery commentary.

• Backlog surge supporting multi-year growth visibility.

9. $Nova Ltd(NVMI)$+2.15%

• Adoption of Metrion platform by two leading global Memory/Logic manufacturers for GAA and advanced DRAM.

• Milestone in materials metrology penetration for critical AI nodes.

• Positive investor response to advanced packaging and process control demand.

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