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KLA Corporation stock rises as Barclays lifts chip-equipment outlook ahead of investor day
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KLA Corporation stock rises as Barclays lifts chip-equipment outlook ahead of investor day
KLA shares climbed Tuesday after Barclays raised its chip equipment spending forecast, citing strong AI data center demand. Barclays now expects wafer fab equipment spending to rise 24% in 2026 to $139 billion, up from a previous 7% estimate. KLA last reported quarterly revenue of $3.3 billion, beating expectations, and forecast March-quarter revenue of $3.35 billion. U.S. export rules remain a risk for KLA’s China business. The post KLA Corpora…
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