Why KLA Stock Crushed It This Week

Core Viewpoint - The chip sector is experiencing strong demand, positively impacting companies like KLA, which produces essential equipment for microchip manufacturing [1] Company Summary - KLA's share price rose nearly 13% over the week, driven by favorable market conditions and analyst upgrades [2] - Bank of America Securities' Vivek Arya raised KLA's price target by 30% to $1,300 per share while maintaining a buy recommendation [3] - Arya noted increased investment in dynamic random access memory (DRAM) production and a growing demand for advanced processors for AI functionalities, benefiting chipmakers and their suppliers [4] - Stifel's Brian Chin also raised his price target for KLA to $1,050 from $922, keeping his buy rating intact [5]