2024-04-26 12:07:39 ET
Summary
- KLA Corporation has shown steady growth over the past 5 years and has reached all-time highs, indicating no signs of slowing down.
- The Wafer Inspection market is expected to grow faster than the AI and semiconductor industries, driving higher revenues and operating margins for KLA Corporation.
- The development of self-driving cars presents a significant opportunity for KLA Corporation to capture a share of the growing market and drive revenue growth.
KLA Corporation (NASDAQ: KLAC ) develops equipment and services that enable innovation throughout the electronics industry while holding the majority of market share in the Wafer Inspection vertical. Graph 1, below, shows KLAC on a steady climb over the past 5 years, up about 450% in this time frame. The stock reached its all-time high on March 7, 2024, at 723.26. Currently, on April 25, 2024, it is trading about 695 bps below this mark at $672.95 with a market cap of $91.01 billion....
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KLA Corporation: Leading The Charge In Semiconductor Innovation