Today: 30 June 2026
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NASDAQ:KLAC 5 February 2026 - 17 June 2026

Citi raises price target for Applied Materials on AI chip gear demand; stock rises

Citi raises price target for Applied Materials on AI chip gear demand; stock rises

Applied Materials stock jumped Wednesday, with the chip-equipment maker rising after Citi lifted its price target. Investors also bought into firms linked to AI chip spending. Shares recently traded 6.7% higher at $606.53. The iShares Semiconductor ETF was up 3.3%. The move is getting attention because the rally isn’t tied to a single product launch. Traders are making a wider bet that wafer fab equipment spending will keep going up as cloud players add more AI computing power.
KLA Jumps After 10-for-1 Stock Split; AI Chip Boom Lifts Hopes on Tools

KLA Jumps After 10-for-1 Stock Split; AI Chip Boom Lifts Hopes on Tools

KLA Corporation finished Friday at $254.54, gaining 5.55%. Shares started at $237.60 and hit a session high of $254.93. The stock, which is in the Nasdaq-100 and S&P 500, has surged about 19% in two days after its split adjustment. The rally comes as investors reprice chip-equipment makers linked to AI demand. Stocks go up when buyers pay more for future earnings, cash flow or growth, and fall when those expectations drop or valuations get too high. KLA’s 10-for-1 stock split took effect at the open on June 12, with each existing share turning into 10 new shares. The company said the total value of any investor's position should stay the same. KLA said the split doesn’t change its total market cap or the percentage of the company that investors own. “This stock split is intended to improve the accessibility and liquidity of KLA shares, while maintaining consistency with our long-term capital allocation strategy,” CFO Bren Higgins said.
13 June 2026
KLA Drops After Hitting Record Ahead of 10-for-1 Split

KLA Drops After Hitting Record Ahead of 10-for-1 Split

KLA Corp. wrapped up the Memorial Day-shortened week in the green, despite fading late. The chip-equipment maker’s shares slipped 0.31% Friday to $1,921.71, but that marked a gain of about 1.8% for the week. The stock finished about 6.7% below its 52-week high set Wednesday at $2,060.08. Weekend trading is off. U.S. equity markets are closed Saturday. It was a four-day trading week because Nasdaq was shut Monday, May 25, for Memorial Day.
30 May 2026
Applied Materials (AMAT) Faces Fresh China Shock After U.S. Targets Hua Hong Shipments

Applied Materials (AMAT) Faces Fresh China Shock After U.S. Targets Hua Hong Shipments

April 29, 2026, 08:02 PDT, Santa Clara, California. The U.S. Commerce Department has told several chip equipment makers, including Applied Materials, to stop sending specific tools to China’s Hua Hong, Reuters said, tightening restrictions on Beijing’s advanced chip ambitions. Lam Research and KLA are also believed to be on the list of recipients, according to people familiar. Applied didn’t immediately respond when Reuters asked for comment.
Applied Materials Stock Falls as U.S. Curbs Put China Chip-Tool Sales Back in Focus

Applied Materials Stock Falls as U.S. Curbs Put China Chip-Tool Sales Back in Focus

SANTA CLARA, California, April 28, 2026, 11:03 PDT Shares of Applied Materials dropped Tuesday, following a Reuters report that the U.S. Commerce Department last week ordered certain chip equipment makers to stop sending some tools to Hua Hong, China’s No. 2 chip producer. Lam Research, Applied Materials, and KLA were thought to be among the firms that got letters, Reuters said, citing sources familiar with the situation.
KLA Corporation stock rises as Barclays lifts chip-equipment outlook ahead of investor day

KLA Corporation stock rises as Barclays lifts chip-equipment outlook ahead of investor day

MILPITAS, Calif., March 10, 2026, 1:40 PM PDT KLA shares rose on Tuesday after Barclays sharply lifted its forecast for spending on chipmaking equipment, arguing that demand tied to artificial intelligence data centers still had room to run. The note landed two days before KLA's investor day on Thursday, when management is due to lay out longer-term targets and market plans.
Semiconductor stocks: Applied Materials jump steadies chip gear names as Nvidia slips into holiday week

Semiconductor stocks: Applied Materials jump steadies chip gear names as Nvidia slips into holiday week

New York, February 15, 2026, 12:36 PM EST — The market is closed. Applied Materials’ bullish forecast sent chip-equipment names sharply higher Friday, offering semiconductor stocks some traction before the shortened week. Still, the sector stayed mixed—Nvidia and Broadcom both closed out the week in the red.
KLA stock in focus: KLAC heads into holiday week after $400 million India R&D pact

KLA stock in focus: KLAC heads into holiday week after $400 million India R&D pact

New York, Feb 14, 2026, 16:10 EST — The market has closed. KLA Corp ended Friday up 0.92%, closing at $1,464.13. Shares moved between $1,435.01 and $1,494.47 during the session, according to company figures. The gain followed news that the chip-tool manufacturer inked a deal with India’s Tamil Nadu state to set up a major R&D and innovation campus in Chennai.
Chip stocks brace for holiday week: Applied Materials surges, Nvidia slides — what to watch next

Chip stocks brace for holiday week: Applied Materials surges, Nvidia slides — what to watch next

New York, Feb 14, 2026, 12:09 PM EST — The market is closed. Applied Materials surprised with a bullish forecast, offering a rare win for U.S. semiconductor names after a turbulent stretch. The chip equipment giant projected second-quarter revenue near $7.65 billion, give or take $500 million, and adjusted earnings of $2.64 a share, plus or minus 20 cents—both clearing Wall Street’s bar. The stock at one point soared more than 10% Friday. Competitors Lam Research and KLA moved higher as well. At least 22 analysts lifted price targets on Applied after the numbers came through. CEO Gary Dickerson credited “the acceleration of industry investments in AI computing” for the jump. Morningstar’s William Kerwin described the moment as “a massive wafer fabrication equipment growth cycle,” pointing to tight supply for high-bandwidth memory chips feeding AI processors.
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Stock Market Today

  • 3i Group PLC grants performance shares to top execs
    June 30, 2026, 8:16 AM EDT. 3i Group PLC handed out performance share awards to six senior execs June 29, 2026, under its Discretionary Share Plan 2020. CEO Simon Borrows got 158,501 shares at no cost. Other execs include Kevin Dunn and Jasi Halai. All awards carry performance conditions. Trades happened in London and shareholdings were filed under UK Market Abuse Regulation. The awards are in line with 3i's scheme to tie pay to performance.
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