10 Buzzing AI Stocks According to Goldman Sachs

9. KLA Corporation (NASDAQ:KLAC)

Number of Hedge Fund Holders: 55     

KLA Corporation (NASDAQ:KLAC) markets process control and yield management solutions for the semiconductor industry. Bren Higgins, the CFO of the firm, spoke at the Goldman Sachs 2024 Communacopia and Technology Conference earlier this month, noting that advanced packaging within the semi space was a greater than $500 million opportunity in 2024 compared to about $300 million last year. Per Higgins, Overall, 2024 had been a transition year for the industry, even as the market saw some legacy investment. He added that the chip universe was starting to see more leading edge investment in the second half of the year, a factor that translated into what a pretty good expansion environment for KLA into next year.

Higgins remarked that the strategic goals for KLA Corporation (NASDAQ:KLAC) was preparing for growth as a leading edge solutions provider. He added that his firm was encouraged about prospects of WFE growth across the different players as well, based on a sort of bottom-up and top-down analysis. On the legacy front, per Higgins, the investment levels in China were more or less stable.