15 AI News Investors Should Not Miss

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7. KLA Corporation (NASDAQ:KLAC)

Number of Hedge Fund Holders: 55  

KLA Corporation (NASDAQ:KLAC) is a semiconductor manufacturing corporation engaged in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide.

On Thursday, October 31, Oppenheimer upgraded KLA Corporation to “Outperform” from “Perform” and raised its price target to $850 per share from $750 per share. The rating upgrade follows the company’s strong Q1 2025 results and robust outlook. With shares down 20% from their peak and investor sentiment around ASML swinging sharply, now is an opportune time to buy, as per the analyst. The firm also sees a favorable 6-9 month window opening as government intervention activity is closing for this year, letting investors refocus on the robust AI growth theme.

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