KLA Corporation (KLAC) Faces Price Target Cut to $900 Amid Semiconductor Mid-Cycle Correction Concerns, But Long-Term Growth Drivers Remain Positive

By Yahoo! Finance | Oct 6, 2024 at 10:47 AM EST

Goldman Sachs identified 35 AI superstars, including KLA Corporation. US tech stocks, driven by AI excitement, are not in a financial bubble. Tech sector's strong fundamentals drive returns, with hyperscale companies leading. Emerging AI competitors challenge market leaders. Historical trends show competition leading to consolidation.

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