35 AI Superstars According to Goldman Sachs

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25. 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. Citi recently lowered the price target on the stock to $900 from $960 and kept a Buy rating on the shares. The advisory updated its semiconductor equipment sector view and noted the equipment group was heading into a mid-cycle correction in the first half of 2025. While server artificial intelligence demand remained strong, consumer demand across PCs, smartphones, and auto appeared lackluster, the advisory told investors in a research note. Citi cut estimates and, accordingly, lowered the price target by 10%.

Richard Wallace, the CEO of KLA Corporation (NASDAQ:KLAC), noted during the fourth-quarter earnings call that long-term drivers, such as foundry logic, continued technology scaling, and the gradual rise in capital intensity, remain favorable for the company. He also mentioned that memory markets are expected to return to growth in 2025, driven by technological developments in AI, high-bandwidth memory, and an improving supply-demand balance.

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