On September 18, KLA Corporation rose 3.03% in regular trading, trading at $174.08/share, with turnover of $816 million, extending a rebound after consecutive sharp declines in prior sessions.

On the news front, JPMorgan significantly raised its wafer fabrication equipment (WFE) market growth forecasts, lifting the 2026 estimate from 28% to 31% ($163 billion) and the 2027 estimate from 29% to 38% ($225 billion), with a three-year compound annual growth rate of 28%. The upward revision was primarily driven by stronger-than-expected DRAM and TSMC capital expenditure, along with raised NAND and logic chip assumptions. Separately, Morgan Stanley projected China WFE spending to reach $558 billion in 2027 and $686 billion in 2028, both growing 23% year-over-year, reinforcing the multi-year equipment upcycle thesis.

The broader semiconductor equipment sector rallied in tandem, with Lam Research up 5.29%, Applied Materials up 4.32%, Teradyne up 2.23%, and ASML up 1.13%. KLA had previously fallen 7.15% on September 14 after UBS cut its target price to $200 and US-China trade tensions escalated.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)