KLA

KLAC

Market cap $278B

Matt Dmytryszyn talks about what ASML's (ASML) earnings beat means for the greater AI chip trade. He says ASML Holding intends to raise prices for chipmaking equipment, which can impact companies like Applied Materials (AMAT), Lam Research (LRCX), and KLA Corp. (KLAC).

KLAC has confirmed multiple bearish technical signals, including a pennant breakdown and weakening momentum, suggesting the correction may continue toward lower weekly support levels.

Seven of the worst performers for the month were still up by triple digits for 2026.

The latest trading day saw KLA (KLAC) settling at $224.5, representing a -2.55% change from its previous close.

Applied Materials (NASDAQ: AMAT | AMAT Price Prediction) and KLA (NASDAQ: KLAC) both closed strong quarters tied to AI infrastructure buildout.

Shares of ON Semiconductor Corp (NASDAQ:ON) are trading 1% lower at $92.75 this afternoon, extending its stay below the $100 threshold.

I rate KLA Corporation a Strong Buy with a $313 price target, implying 40% upside from $222. KLAC's 58% share in semiconductor process control gives it a dominant position in a part of semiconductor manufacturing that becomes more valuable as chips become harder to produce. My model estimates these drivers can increase revenue from about $14 billion in 2026 to roughly $18.3 billion by 2028 and lift split-adjusted EPS to about $5.3.

KLA (KLAC) closed the most recent trading day at $222.25, moving 4% from the previous trading session.

KLA's AI-driven growth and advanced packaging gains support its outlook, but rich valuation, margin pressure and trade risks temper near-term upside.

TER's AI-driven chip testing growth, expanding product lineup, and stronger earnings momentum position it ahead of KLA in this AI infrastructure comparison.