35 Trending AI Stocks on Latest Analyst Ratings and News

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26. 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. The company is strategically positioned to benefit from the CHIPS Act, a US legislative effort focused on boosting domestic semiconductor manufacturing. This initiative aligns well with the company’s role in supplying critical technologies for chip production, including wafer inspection systems for advanced nodes. In the final quarter of fiscal 2024, the company’s AI-related services revenue reached $614 million, marking a 4% sequential increase and a 14% year-over-year growth. Richard Wallace, the CEO of the firm, highlighted during the Q4 earnings call that long-term growth drivers — such as advancements in foundry logic, ongoing technology scaling, and increasing capital intensity — remain strong for the company. He also projected a recovery in the memory markets by 2025, spurred by developments in AI, high-bandwidth memory, and improvements in the overall supply-demand balance.

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