KLA Corp (KLAC) Has a Shortage That Can’t Be Met, Says Jim Cramer

Group 1 - KLA Corporation (NASDAQ:KLAC) manufactures and sells equipment used in the chip manufacturing process [2] - The stock has increased by 119% over the past year and by 21% year-to-date [2] - Morgan Stanley upgraded KLA's rating to Overweight from Equalweight and raised the price target to $1,697 from $1,214 [2] - Bernstein initiated coverage on KLA with a price target of $1,700 and an Overweight rating, highlighting potential for double-digit revenue growth [2] - Bernstein noted KLA's lower exposure to China replacement risks as a positive factor [2] Group 2 - Jim Cramer highlighted KLA as having a shortage that cannot be met, indicating strong demand for semiconductor capital equipment [3] - Despite the potential of KLA, there is a belief that some AI stocks may offer higher returns with limited downside risk [3]