Market Overview - The market is currently trading above the midpoint of Wells Fargo's year-end target range, indicating a strong desire for upward movement [1] - The NASDAQ and S&P 500 have experienced a cooling-off period after significant gains, with the tech sector rising 70% from its lows [2] - Historical data suggests that bull markets that reach three years old typically see gains in the following year, and Fed rate cuts near all-time highs have historically led to positive market performance [2] Sector Rotation - Wells Fargo has adjusted its positions by downgrading Communication Services and Information Technology to even weight, reallocating funds into Financials, Utilities, and Industrials [1] - The adjustments aim to maintain an AI theme from a different perspective while managing exposure to sectors that represent nearly 50% of the S&P 500's market cap [1] Tapestry Inc. (NYSE:TPR) - Tapestry Inc. has shown a year-to-date performance of 97.41% as of December 22, 2025, with multiple analysts raising price targets, indicating bullish sentiment [8][9] - Analysts from Baird, Wells Fargo, and Jefferies have all increased their price targets for Tapestry, reflecting expectations of robust revenue and earnings growth due to favorable consumer conditions and potential tariff changes [8][9][10] - Tapestry operates in three segments: Coach, Kate Spade, and Stuart Weitzman, providing accessories and lifestyle brand products globally [11] KLA Corporation (NASDAQ:KLAC) - KLA Corporation has achieved a year-to-date performance of 100.86% as of December 22, 2025, with analysts raising price targets amid a favorable outlook for the semiconductor sector [12][13] - Bank of America and Cantor Fitzgerald have both upgraded KLA's price targets, citing the company's strong position in AI-driven infrastructure and the expected demand for advanced chips and technologies [12][13][14] - KLA designs and manufactures solutions for the semiconductor industry, positioning itself as a key player in the ongoing transition towards AI workloads [15]

格隆汇12月25日｜美银半导体分析师Vivek Arya表示，AI发展仍处于为期十年的结构性转型中段，整体 产业趋势依旧向上，并由具备明确竞争优势的龙头企业领军。他预测，全球半导体销售额可望于2026年 增长30%，年销售额首度突破1万亿美元的重要里程碑。他强调，具备高毛利结构与稳固市场地位的公 司，将持续成为资金布局的核心。他点名六家半导体与AI相关企业，作为其对2026年最具信心的投资 标的，分别为英伟达、博通、Lam Research、科磊、亚德诺以及Cadence Design Systems。 ...

KLA Corporation (NASDAQ:KLAC) is one of the best forever stocks to buy according to hedge funds. On December 15, analysts at Jefferies upgraded KLA Corporation (NASDAQ:KLAC) to a Buy, buoyed by accelerating artificial intelligence driven spending. Additionally, the research firm echoed a strong outlook for demand for leading-edge and advanced packaging. Is KLA Corporation (KLAC) One of the Best Forever Stocks to Buy According to Hedge Funds? Photo by Umberto on Unsplash Jefferies expects the company to ...

Core Viewpoint - KLA Corporation is highlighted as a key player in the AI sector, with Jefferies upgrading its rating to "Buy" and increasing the price target to $1,500, indicating a strong outlook driven by AI accelerator demand and advanced packaging needs [1][4]. Group 1: Company Performance and Outlook - Jefferies believes KLA's growth is just beginning, driven by expanding use cases for AI accelerators and a robust demand for leading-edge and advanced packaging [1]. - The firm sees potential upside for KLA due to increasing chip complexity and rising process control intensity, which aligns with KLA's strengths [2]. - KLA's business model benefits from the rising complexity in packaging, which requires enhanced process control [3]. Group 2: Market Dynamics and Risks - While there are concerns regarding exposure to China, KLA's revenues from China are considered relatively derisked at 25% for C26, with historical data suggesting potential upside [4]. - The semiconductor industry continues to guide conservatively on China, yet demand remains strong, indicating resilience in the market [4].

Group 1 - The US stock market saw a collective rise on December 18, with major technology stocks performing well, particularly the Trump Media Technology Group, which surged by 41.93% after announcing a merger agreement with TAE Technology [1][2] - Tesla's stock increased by over 3%, adding approximately $53.6 billion (around 377.4 billion RMB) to its market capitalization [2] - The merger between Trump Media Technology Group and TAE Technology will be executed through an all-stock transaction, with both companies' shareholders expected to own about 50% of the combined entity post-merger [2] Group 2 - The latest data from the US Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) for November rose by 2.7% year-on-year, which was lower than the market expectation of 3.1% [4] - The core CPI, excluding volatile food and energy prices, increased by 2.6%, marking the lowest level since early 2021 and also below the anticipated 3% [4] - Following the CPI report, there was a slight increase in the likelihood of the Federal Reserve lowering interest rates in January, with traders estimating a 28.8% chance of a 25 basis point cut, up from 26.6% prior to the inflation data release [4] Group 3 - Goldman Sachs' global co-head of fixed income and liquidity solutions, Kay Haigh, stated that the low inflation data would not impact the Federal Reserve's decision-making, as they are more focused on the December CPI data set to be released in mid-January [5]

KLA Corporation (KLAC) is in the limelight yet again after Jefferies identified the chip equipment supplier as one of the top picks in the chip space for the year 2026, alongside industry stalwarts Nvidia (NVDA) and Broadcom (AVGO). This recommendation comes at a juncture where investor interest is rotating away from those with cyclical demand in the chip industry towards those with sustainable demand in AI infrastructure development. KLAC stock's movement has been positive, breaking past the $1,220 leve ...

Group 1 - KLA has seen a bullish sentiment from large investors, with 37% of trades being bullish and 25% bearish, indicating a positive outlook on the stock [1] - The major market movers are focusing on a price range between $720.0 and $1340.0 for KLA over the last three months, suggesting significant trading activity within this band [2] - An analysis of the volume and open interest for KLA's options indicates strong liquidity and interest, particularly within the identified price range [3] Group 2 - The largest options trades for KLA include a bullish call trade with a total trade price of $94.5K at a strike price of $1220.00, reflecting investor confidence [7] - KLA is a leading manufacturer in the semiconductor wafer fabrication equipment market, specializing in semiconductor process control, and holds a majority market share [8] - Market experts have issued a consensus target price of $1214.0 for KLA, indicating a stable outlook from analysts [10][11]

Group 1: Company Overview - KLA Corporation (NASDAQ:KLAC) is recognized as one of the best nanotechnology stocks to buy currently [1] - KLA Corporation is a leading producer of semiconductor wafer fabrication equipment globally [6] Group 2: Financial Performance - KLA Corporation reported a record cash flow of $1.066 billion in the last quarter [5] - The company disclosed a total capital return of $799 million, which included $254 million in dividends and $545 million in share repurchases over the previous 12 months [5] Group 3: Market Position and Forecast - Morgan Stanley has maintained an Equal Weight rating on KLA Corporation and increased its price objective from $1,154 to $1,214 [2] - The semiconductor equipment industry's process diagnostic and control market is dominated by KLA Corporation, which has a wide economic moat and is well-positioned for future growth according to Morningstar analysts [4] - Morgan Stanley's 2026 wafer fab equipment (WFE) forecast remains at $129 billion, reflecting an 11% year-over-year increase, with a raised 2027 estimate of $145 billion, a 13% increase from the previous year, driven by demand from TSMC and DRAM [3]

摩根大通维持对科磊(KLAC.US)的"增持"评级，给出的目标价为1485美元。在与科磊的高管团队会面 后，小摩发现自公司发布财报以来，订单簿持续改善，预计2026年上半年营收将实现低至中单位数的增 长，此前预期是持平至小幅增长。这主要是由于公司近期订单加速增长，尤其是在DRAM/HBM领域， 且工具的交货期也在延长。 ...

Core Viewpoint - Morgan Stanley maintains an "Overweight" rating on KLA Corporation (KLAC.US) with a target price of $1485, citing improved order books and expected revenue growth in the first half of 2026 [1] Group 1: Orders and Revenue Growth - The order book for KLA has been continuously improving since the earnings report, with a notable acceleration in orders, particularly in the DRAM and HBM sectors [1] - Revenue is projected to achieve low to mid-single-digit growth in the first half of 2026, an upgrade from previous expectations of flat to slight growth [1] Group 2: Delivery Times - The delivery times for tools have been extended, indicating increased demand and potential supply chain challenges [1]